US EditionCrypto Exchange Hashkey Prices Hong Kong Ipo at hk$6.68 per Share
- On Dec 16, HashKey Group priced its IPO at HK$6.68, raising HK$1.61 billion; shares debuted on Wednesday at HK$6.70, 0.3% above the offer price.
- Founded in 2018, HashKey operates a licensed digital-asset platform offering exchange trading, asset management and tokenisation in Hong Kong, which earlier this year set up stablecoin licensing, contrasting mainland China's ban.
- Retail and institutional tranches were heavily over-subscribed, nearly 393 and 5 times, with 240.6 million shares offered and cornerstone investors Fidelity, UBS, CDH Investments and Cithara Fund backing the deal alongside JPMorgan and Guotai Haitong.
- Shares rose 3% on Wednesday as they debuted, reflecting trading interest despite broader risk-off sentiment, while HashKey chairman and CEO Xiao Feng marked the start with a ceremonial gong.
- The listing arrives amid recent global cryptocurrency market volatility and follows an IPO prospectus showing 1.7 trillion Hong Kong dollars in trading volume by Sep. 30, 2025.
14 Articles
14 Articles
HashKey shares debut flat in Hong Kong amid bitcoin bear market
Shares of HashKey Holdings, operator of Hong Kong’s largest licensed cryptocurrency exchange, fluctuated on their trading debut, as investors shunned risk amid a downturn in both equity and digital asset markets. Trading under the stock code 3887, HashKey shares first changed hands on Wednesday at HK$6.70, or 0.3 per cent above the offer price of HK$6.68 a share. The stock rose as much as 6.6 per cent before trading 1.1 per cent lower at HK$6.61…
HashKey shares start trading in Hong Kong, as the city increasingly embraces crypto
Shares of digital asset firm Hashkey Group start trading in Hong Kong today, following the firm’s IPO last week. The Chinese city has steadily embraced digital assets since 2022 as it tries to maintain its status as a global financial center. Hashkey Group, founded in 2018, operates a Hong Kong-licensed crypto exchange, the city’s largest. According to its IPO prospectus, Hashkey’s exchange has facilitated 1.7 trillion Hong Kong dollars ($218 bi…
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