HashKey Exchange Files for Hong Kong IPO in Crypto Market Milestone
Hong Kong's HashKey Holdings, operator of the city's largest cryptocurrency exchange, has filed for what would become the first public listing by a dedicated digital asset trading platform in the financial hub. The offering represents a watershed moment for Asia's crypto infrastructure development.
The exchange plans to sell approximately 240.57 million shares priced between HK$5.95 and HK$6.95, potentially raising up to HK$1.67 billion (US$214 million). The subscription window runs from December 9-12, with final pricing slated for December 16 ahead of a projected December 17 trading debut under ticker 3887.
This IPO arrives as Hong Kong positions itself as a regulated gateway for institutional crypto participation, contrasting with mainland China's prohibition on digital asset trading. Market observers note the listing could serve as a bellwether for traditional finance adoption of blockchain-based markets.