the HashKey Hong Kong IPO ๐๐:
๐ HashKey (HKEX: 3887) IPO โ Quick Summary
โข HashKey, Hong Kongโs biggest regulated crypto exchange, has priced its IPO at HK$6.68/share and is raising about HK$1.6 B (~$206 M). Trading starts Dec 17, 2025.
โข Founded in 2018, it offers spot trading, asset management, brokerage, tokenization, and staking-related services under Hong Kongโs regulated regime.
โข Big institutional interest: UBS, Fidelity & CDH are cornerstone investors.
โข This listing marks one of the first licensed crypto exchange IPOs in Asia โ a major milestone for regulated crypto infrastructure.
โข Market view: seen as a test of institutional appetite for compliant crypto equities amid tightening global rules.
Trade/Investor Angle
โข Not a token โ this is equity in a regulated exchange.
โข Good for bulls on regulated crypto infrastructure growth.
โข Watch HKEX price action first day โ liquidity could be volatile.