Hong Kong-based crypto exchange HashKey has set its initial public offering price at HK$10.80 per share, near the upper end of its anticipated range. The move signals strong investor appetite ahead of its debut on the Hong Kong Stock Exchange.
- HashKey priced its Hong Kong IPO at HK$10.80 per share, near the top of the HK$9.80–HK$10.80 range.
- The IPO is expected to raise HK$1.4 billion from the issuance of 130 million shares.
- Trading volume grew 45% year-on-year in 2024, reaching $78 billion.
- The book-building process was oversubscribed by 2.3 times, indicating strong demand.
- Listing scheduled for December 20, 2025, on the Hong Kong Stock Exchange under ticker HKEX: 6891.
- HashKey holds a full license from the Hong Kong Securities and Futures Commission.
HashKey, a licensed digital asset exchange operating in Asia, has determined the price for its Hong Kong IPO at HK$10.80 per share, placing it at the high end of the HK$9.80 to HK$10.80 range disclosed earlier. The final pricing reflects growing confidence in the firm’s regulatory compliance and institutional-grade infrastructure, particularly as it prepares to list on the Hong Kong EXCHANGE under the ticker symbol HKEX: 6891. The IPO is set to raise approximately HK$1.4 billion based on the final price and a total issuance of 130 million shares. This capital will support the expansion of HashKey’s trading platforms, compliance systems, and international operations, especially in Southeast Asia and North America. The company has reported a 45% year-on-year increase in trading volume, reaching $78 billion in 2024, which has bolstered its valuation ahead of the public offering. Investors, including institutional funds from mainland China, Singapore, and the United States, have expressed strong interest, with the book-building process oversubscribed by 2.3 times. The listing is expected to occur on December 20, 2025, and will mark one of the first major crypto-focused firms to enter public markets in a major Asian financial center. The outcome is likely to influence the broader digital asset sector’s market perception and regulatory outlook. Market participants are watching closely, as HashKey’s performance could set a precedent for other crypto exchanges considering listings in regulated jurisdictions. The firm’s emphasis on compliance, backed by a full license from the Hong Kong Securities and Futures Commission, positions it as a potential benchmark for institutional-grade crypto firms.