HashKey files to go public in Hong Kong, targeting $215 million raise

HashKey Holdings, operator of Hong Kong's largest licensed crypto exchange, has submitted plans for an Initial Public Offering (IPO) on the Hong Kong Stock Exchange, aiming to raise HK$1.67 billion (about $215 million). The company is offering over 240 million shares priced between HK$5.95 and HK$6.95, which would value the firm between $2 billion and $2.4 billion. HashKey plans to allocate the net IPO proceeds primarily toward technology/infrastructure (40%) and market expansion/partnerships (40%). This move underscores Hong Kong's strategic push to establish itself as a leading digital asset hub in Asia, enabled by its evolving regulatory framework for crypto companies.

(Source：Crypto Briefing)