HashKey Exchange Sets HK$1.6B (US$206M) Hong Kong IPO at HK$6.68
HashKey Holdings, the city’s largest licensed crypto exchange, is poised to raise roughly HK$1.6 billion (US$206 million) in its Hong Kong IPO after setting the offer price at HK$6.68 per share, according to a person with direct knowledge. The pricing and target raise make this one of the more notable crypto-related listings in the market as Hong Kong continues to position itself as a hub for regulated digital-asset firms.
The expected inflow of capital could help strengthen HashKey’s balance sheet and support expansion, product development and compliance efforts, while offering a gauge of investor appetite for regulated crypto businesses. A successful listing may encourage other digital-asset companies to pursue Hong Kong listings, but broader market conditions and ongoing regulatory scrutiny will shape outcomes for the sector.