HashKey Targets $200M Hong Kong IPO in Push for Crypto Hub Status
HashKey Holdings is preparing to launch investor orders for its Hong Kong initial public offering as early as next week, aiming to raise at least $200 million. The crypto exchange operator could list before year-end, though final terms remain subject to market conditions.
The IPO represents a litmus test for regulated digital asset platforms in Hong Kong. The city has aggressively courted crypto businesses as part of its strategy to establish itself as Asia's premier VIRTUAL asset hub. Success would signal institutional confidence in compliant exchanges amid tightening global regulations.