HashKey, founded in 2018, offers a range of services including asset management, brokerage and tokenisation in addition to running the Asian Its shares lost some gains later in the morning session, falling slightly below the IPO price of HK$6.68. The Hang Seng Index was up 0.2%.Crypto TrackerTOP COINS (₹) XRP176 (3.83%)Bitcoin7,957,713 (2.16%)BNB78,826 (1.67%)Ethereum268,976 (0.88%)Tether91 (0.27%)Live Events Bitcoin, the world's most popular cryptocurrency, plunged as much as 36% in about a month after r ...

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]