HashKey IPO en actions à Hong Kong : plus de 1,6 milliard de dollars levés en une semaine, mettant en évidence le rôle de Hong Kong en tant que centre d'actifs numériques

Hong Kong’s largest licensed digital asset exchange operator HashKey Holdings Limited successfully completed its IPO fundraising on the Hong Kong Stock Exchange, with impressive results. According to Bloomberg, HashKey’s final IPO price was HKD 6.68, raising approximately HKD 1.6 billion (equivalent to USD 206 million), marking a new chapter in Hong Kong’s financial market.

Price close to upper limit Institutional investors enthusiastically subscribe

HashKey issued a total of 240.6 million shares in this IPO, with a price range of HKD 5.95 to HKD 6.95. The final price of HKD 6.68 was close to the upper limit of the offering, reflecting strong market confidence in the exchange. During the subscription period, institutional investors’ demand far exceeded expectations, with overall subscription multiples reaching several times the issuance volume. Among them, the top 20 institutional investors received about 80% of the shares in the institutional allotment (excluding cornerstone investors), indicating professional investors’ strong optimism about HashKey’s prospects.

It is worth noting that HashKey holds up to 30% of the overallotment option but ultimately did not exercise it, indicating the company’s satisfaction with the fundraising scale and reflecting management’s confidence in the current fundraising amount. JPMorgan Chase and Guotai Junan served as joint sponsors, providing support for this IPO.

Navigating market turbulence with a contrarian listing

HashKey’s timing for listing was quite challenging. Since Bitcoin reached a historic high in October this year, it has subsequently corrected by nearly 30%, putting pressure on the overall cryptocurrency market. In this market environment, HashKey was still able to achieve high-end pricing and successfully raise funds, demonstrating investors’ confidence in its business model and development prospects.

New momentum in Hong Kong’s financial sector driving market recovery

HashKey’s successful listing is seen as an important indicator of Hong Kong’s push to develop a “digital asset hub.” This IPO coincides with the recovery period of Hong Kong’s new stock market, with total fundraising this year expected to reach a four-year high. As Hong Kong’s first licensed digital asset exchange to list on the HKEX, HashKey represents a new advancement in the regulation and innovation of crypto assets in this international financial center.

HashKey is scheduled to officially list on the HKEX on 17 December, which will be a significant milestone in the development of Hong Kong’s digital asset industry, further consolidating Hong Kong’s position as a global hub for digital asset trading.