Core Viewpoint - HashKey Holdings Ltd., the largest licensed virtual asset exchange in Hong Kong, is seeking to raise up to HKD 1.67 billion (USD 215 million) through an initial public offering (IPO) [1][3]. Group 1: IPO Details - The company announced it will issue 240.6 million shares at a price range of HKD 5.95 to HKD 6.95 per share [1][3]. - If priced at the upper limit, HashKey's valuation will reach approximately HKD 19 billion [1][3]. - The subscription period for investors is from Tuesday to Friday, with the stock expected to be listed on December 17 [1][3]. Group 2: Industry Context - This IPO represents a critical test for Hong Kong's ambition to establish itself as a regional digital asset hub [1][3]. - It is among the last batch of companies driving a surge in IPO activity this year, with the total IPO financing in Hong Kong expected to reach a four-year high [1][3]. Group 3: Company Background - HashKey is one of the first cryptocurrency exchanges to receive a license following the introduction of a dedicated digital asset regulatory framework in Hong Kong in 2022 [1][3]. - The company's business includes cryptocurrency trading, venture capital, and asset management [1][3]. - Proceeds from the IPO will be used for technology and infrastructure upgrades, talent recruitment, and enhancing risk control [1][3]. Group 4: Underwriters - JPMorgan and Guotai Junan are serving as joint sponsors for this transaction [2][4].
加密货币交易所HashKey计划通过香港IPO筹资至多2.15亿美元