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Crypto Exchange HashKey Debuts on Hong Kong Market
HashKey’s IPO raised $206M as shares rose on debut, signaling institutional interest in crypto firms.
HashKey Holdings, one of Hong Kong’s largest licensed cryptocurrency exchanges, debuted on the Hong Kong Stock Exchange on December 17, raising roughly $206 million in its IPO. Shares climbed as much as 6.6% before settling slightly below the offer price. The IPO saw strong demand with significant oversubscription, reflecting investor appetite for regulated digital asset firms despite recent crypto volatility and a 36% Bitcoin drop from October peaks.