HashKey Eyes $200M IPO — On Track To Become Hong Kong Most Valuable Crypto Company

Group 1 - HashKey Holdings is preparing to take investor orders for its IPO on the Hong Kong Stock Exchange, aiming to raise at least $200 million and potentially completing the listing by the end of the month [1][7] - If successful, HashKey will become one of Hong Kong's most valuable listed crypto companies, joining others like Meitu, OSL Group, and DMall, all with market capitalizations exceeding $1 billion [2] - HashKey first achieved unicorn status in 2024 with a $100 million raise from private investors, and its valuation was approximately $1.5 billion after a $30 million investment from Gaorong Ventures in February [4] Group 2 - HashKey's decision to list in Hong Kong reflects confidence in the territory's crypto strategy, especially after recent market challenges faced by Hong Kong-listed crypto firms [5] - The anticipated IPO indicates a more optimistic outlook for the crypto sector in Hong Kong, despite recent declines in shares of companies like OSL Group and Yunfeng Financial Group due to regulatory concerns from the People's Bank of China [5]