Company Overview - HashKey Holdings is Hong Kong's largest licensed crypto exchange, founded in 2018, offering services such as asset management, brokerage, and tokenization [2] - The company is set to raise approximately HK$1.6 billion (around $206 million) through its initial public offering (IPO) [1] IPO Details - HashKey's IPO was launched with an offering of 240.6 million shares, priced between HK$5.95 and HK$6.95 each, with the final pricing set at HK$6.68 per share [1][2] - Trading on the Hong Kong Stock Exchange is scheduled to commence on December 17 [2] - Notable cornerstone investors in the IPO include UBS, Fidelity, and Chinese investment firm CDH [2] Market Context - The IPO occurs amid significant volatility in the cryptocurrency market, with Bitcoin experiencing a 36% decline after reaching an all-time high of over $126,000 in early October [3] - The People's Bank of China has reiterated its strict stance against cryptocurrency trading, while Hong Kong is positioning itself as a favorable environment for digital assets [4]
Crypto exchange Hashkey raises $206 million in Hong Kong IPO, source says
Yahoo Finance·2025-12-15 09:02