How NFT doubts led ASX to boot out a future unicorn
Either Australian retail investors missed out on a windfall when the ASX booted out Animoca Brands, or new investors including Samsung and Jack Ma have bought a dud.
On Christmas Eve 2019, publicly-listed Animoca Brands received a surprise note from the ASX. Unfortunately, it was not a Christmas card, but a Grinch-like letter threatening to delist the $80 million company.
Just three months later, Animoca was ejected from the exchange.
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Adir Shiffman is executive chairman of Catapult Sports and a serial investor and entrepreneur. Connect with Adir on Twitter.
