December 18, 2025
By Our Correspondent
According to an exchange filing on Tuesday, HashKey Group, the biggest regulated cryptocurrency exchange in Hong Kong, has set its IPO price at HK$6.68 per share, raising HK$1.61 billion ($206.96 million).
A source with direct knowledge of the situation told Reuters on Monday that the company will be pricing the IPO close to the upper end of the marketed range. The company offered 240.6 million shares under the IPO.
According to paperwork submitted to the Hong Kong stock exchange, the IPO’s retail and institutional components were over-subscribed by about 393 and five times, respectively.
Hong Kong listings have been impacted by U.S. market volatility, and investor caution has increased following a record-breaking year that made the city the world’s top listing destination by deal volume.
Founded in 2018, HashKey Group operates the biggest legal cryptocurrency exchange in Hong Kong and provides a variety of services, such as asset management, brokerage, and tokenization.
According to HashKey, shares are anticipated to make their market debut on Wednesday.
