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BTCC / BTCC Square / Global Cryptocurrency /
HashKey Targets Top of Range for $206M Hong Kong IPO in Crypto Market Test

HashKey Targets Top of Range for $206M Hong Kong IPO in Crypto Market Test

Author:
Global Cryptocurrency
Published:
2025-12-15 06:00:02
21
2
BTCCSquare news:

HashKey Group, operator of Hong Kong’s largest licensed crypto exchange, priced its IPO at HK$6.68 per share—near the top of its marketed range—raising HK$1.6 billion ($206 million). The offering saw strong institutional demand, with the top 20 bookrunners taking 80% of available shares excluding cornerstone allocations.

The listing marks a pivotal moment for regulated digital asset platforms in Asia. Investor appetite outpaced supply by multiples, signaling renewed confidence in compliant crypto ventures after recent market turbulence.

Hong Kong’s IPO market shows resilience, with 2024 proceeds trending toward a four-year high. HashKey’s debut could pave the way for further public listings in the sector as regulatory frameworks mature.

|Square

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