HashKey Holdings Hong Kong IPO Set at HK$6.68 to Raise $206M

HashKey Holdings, Hong Kong’s largest licensed cryptocurrency exchange, is preparing to raise approximately HK$1.6 billion, or around $206 million, through its initial public offering in Hong Kong. According to a source familiar with the matter, the company has set the IPO price at HK$6.68 per share.

The Hong Kong IPO, which launched last week, offered a total of 240.6 million shares, with the price range initially set between HK$5.95 and HK$6.95 per share. HashKey Holdings’ decision to go public marks a significant milestone for the company and highlights the growing influence of cryptocurrency exchanges in Asia’s financial markets.

Industry analysts say the successful pricing of HashKey’s shares could attract increased investor attention toward Hong Kong’s crypto sector, as the city continues to position itself as a hub for digital asset trading. The IPO proceeds are expected to help HashKey expand its operations, enhance technology infrastructure, and strengthen its market presence both locally and internationally.

With regulatory clarity and rising interest in digital assets, HashKey Holdings’ Hong Kong IPO is seen as a key indicator of the maturity and potential of the cryptocurrency industry in the region. The move is likely to boost confidence among investors and further solidify Hong Kong’s role as a leading financial center for crypto innovation.

The company’s IPO performance will be closely watched by market participants and financial analysts, as it may set a precedent for other crypto exchanges considering public listings in Asia.