Crypto Exchange HashKey Plans Hong Kong IPO, Targets $215M Capital Raise
The firm plans to direct IPO funds toward new products, multi-chain custody, on-chain infrastructure and expanded engineering talent.
HashKey is bidding to become Hong Kong’s first listed crypto exchange, launching an initial public offering that will gauge how much public market appetite remains for regulated digital asset platforms after the latest leg of the cycle.
The company plans to sell about 240.6M shares in a global offering, with roughly 24.1M reserved for Hong Kong investors and the rest for international buyers
The price range runs from HK$5.95 to HK$6.95 a share, which would raise up to HK$1.67B, about $215M, and value HashKey at around HK$19B at the top end.
Books are open through Friday, with trading scheduled to start on Dec. 17, according to a prospectus.
