HashKey Eyes Up to $214.7M Hong Kong IPO
HashKey Group said in a prospectus filed on Tuesday that it intends to raise up to HK$1.67 billion (about US$214.66 million) through an initial public offering in Hong Kong. As the city’s largest licensed crypto exchange, HashKey’s filing positions it among the first wave of regional digital-asset firms to pursue a domestic listing after regulators clarified licensing and oversight frameworks.
The proposed IPO could boost HashKey’s expansion and help deepen institutional access to Asia’s crypto markets, while serving as a barometer for investor appetite for regulated crypto businesses. A successful offering would underscore Hong Kong’s role as a listing venue for crypto firms and may prompt closer attention from global investors tracking regulatory-backed exchanges in the region.