HashKey Priced IPO at HK$6.68, Draws Strong Investor Demand
HashKey Holdings Ltd. priced its initial public offering at HK$6.68 per share, NEAR the top of its marketed range of HK$5.95 to HK$6.95. The digital asset firm raised HK$1.6 billion by selling 240.6 million shares, maintaining the original deal size amid robust demand.
Institutional investors dominated the order book, with the top 20 accounts securing 80% of the allocation. The offering was oversubscribed across all tranches, reflecting confidence despite recent volatility in both crypto and traditional markets. Proceeds will fund technology upgrades and workforce expansion.
The listing marks another milestone for Hong Kong's resurgent IPO market. HashKey's ability to attract strong interest signals growing institutional appetite for regulated crypto ventures, even as the sector navigates regulatory headwinds globally.
