US EditionCrypto Exchange Hashkey Prices Hong Kong Ipo at hk$6.68 per Share
The IPO was oversubscribed nearly 393 times by retail investors and 5 times by institutional investors, raising HK$1.61 billion for expansion of crypto services.
- On Dec 16, HashKey Group priced its IPO at HK$6.68, raising HK$1.61 billion; shares debuted on Wednesday at HK$6.70, 0.3% above the offer price.
- Founded in 2018, HashKey operates a licensed digital-asset platform offering exchange trading, asset management and tokenisation in Hong Kong, which earlier this year set up stablecoin licensing, contrasting mainland China's ban.
- Retail and institutional tranches were heavily over-subscribed, nearly 393 and 5 times, with 240.6 million shares offered and cornerstone investors Fidelity, UBS, CDH Investments and Cithara Fund backing the deal alongside JPMorgan and Guotai Haitong.
- Shares rose 3% on Wednesday as they debuted, reflecting trading interest despite broader risk-off sentiment, while HashKey chairman and CEO Xiao Feng marked the start with a ceremonial gong.
- The listing arrives amid recent global cryptocurrency market volatility and follows an IPO prospectus showing 1.7 trillion Hong Kong dollars in trading volume by Sep. 30, 2025.
11 Articles
11 Articles
HashKey shares debut flat in Hong Kong amid bitcoin bear market
Shares of HashKey Holdings, operator of Hong Kong’s largest licensed cryptocurrency exchange, fluctuated on their trading debut, as investors shunned risk amid a downturn in both equity and digital asset markets. Trading under the stock code 3887, HashKey shares first changed hands on Wednesday at HK$6.70, or 0.3 per cent above the offer price of HK$6.68 a share. The stock rose as much as 6.6 per cent before trading 1.1 per cent lower at HK$6.61…
HashKey shares start trading in Hong Kong, as the city increasingly embraces crypto
Shares of digital asset firm Hashkey Group start trading in Hong Kong today, following the firm’s IPO last week. The Chinese city has steadily embraced digital assets since 2022 as it tries to maintain its status as a global financial center. Hashkey Group, founded in 2018, operates a Hong Kong-licensed crypto exchange, the city’s largest. According to its IPO prospectus, Hashkey’s exchange has facilitated 1.7 trillion Hong Kong dollars ($218 bi…
HashKey Debuts on HKEX With UBS and Fidelity as Cornerstone Backers
HashKey Holdings officially debuted on the main board of the Hong Kong Stock Exchange on December 17. The listing marks a first for the city. HashKey is now the first digital asset company to complete an IPO in Hong Kong. The company trades under the stock code 3887.HK. HashKey Holdings（股票代号：3887. HK）今日正式在香港联合交易所主板挂牌上市。公司引入包括 UBS AM Singapore、富达（Fidelity）、鼎晖投资（CDH）在内的 9 名基石投资者。HashKey 亦成为香港市场首家数字资产公司 IPO。HashKey 董事长兼 CEO…— 吴说区块链 (@wublockchain…
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