HashKey launches Hong Kong IPO seeking up to $214.7 million

Dec 9 (Reuters) - ⁠HashKey Group, ⁠Hong ‍Kong's largest licensed crypto exchange, is aiming ‍to raise up to HK$1.67 ​billion ($214.66 million) in its initial public ​offering in the city, according to a prospectus lodged on Tuesday.

The company is ​offering 240.6 million shares at a price range ​of HK$5.95 to HK$6.95 each.

Final pricing is ‌slated for December 16, with shares set to debut ​on the Hong ⁠Kong exchange the following day.

HashKey Group, founded in ‌2018, offers a wide range of services including asset management, ‌brokerage and tokenisation, and runs the ‌city's largest licensed crypto exchange.

The IPO lands as major crypto Bitcoin has ‍shed more than $18,000 in November, its largest dollar ⁠loss since May 2021.

($1 = 7.7799 Hong Kong dollars)

(Reporting by Kumar Tanishk in Bengaluru; Editing by Krishna Chandra Eluri)

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