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HashKey Seeks Up to $215 Million in Hong Kong IPO Amid Crypto Expansion

HashKey Seeks Up to $215 Million in Hong Kong IPO Amid Crypto Expansion

Author:

Global Cryptocurrency

Published:

2025-12-09 05:43:02

17

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BTCCSquare news:

HashKey Group, operator of Hong Kong's largest licensed cryptocurrency exchange, aims to raise $214.7 million through a Hong Kong IPO. The company plans to offer 240.6 million shares priced between HK$5.95 and HK$6.95, with trading expected to commence on December 17.

Despite reporting an adjusted net loss of HK$506 million ($65 million) in H1 2025, HashKey's trading volume reached HK$214 billion—triple that of local competitor OSL. The losses reflect heavy investments in building a compliant digital asset platform as Hong Kong positions itself as a VIRTUAL asset hub.

The listing would make HashKey the second crypto exchange operator to go public in Hong Kong after OSL Group. This move comes as mainland China maintains its cryptocurrency restrictions, creating a strategic divergence within Greater China's digital asset landscape.

By:

U.S. Banks Accelerate Crypto Adoption Amid Regulatory Shifts and Risks

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