HashKey Prices IPO at High End, Raises $206 Million

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Key Points:

HashKey Holdings Ltd. priced its IPO in Hong Kong.
Raised HK$1.6 billion from the share offering.
Shares set to debut on December 17, 2025.

HashKey Holdings Ltd. has set its Hong Kong IPO price at HK$6.68 per share, raising approximately US$206 million from the sale of 240.6 million shares.

This IPO positions HashKey Holdings as a major player amidst increasing regulatory clarity in Hong Kong, signaling potential growth and offering insight into the evolving virtual asset sector.

HashKey IPO Secures HK$1.6 Billion at Upper Range

HashKey Holdings Ltd., Hong Kong’s largest licensed cryptocurrency exchange, priced its IPO at HK$6.68 per share. Most shares went to top institutional investors while the company chose not to expand the share offering.

Share trading is scheduled for December 17, 2025, with investors keenly observing HashKey’s growth prospects. The raised funds are expected to significantly bolster technological and operational capacities.

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Licensed Exchanges on the Rise Amid Regulatory Focus

Did you know? OSL Group is the first Hong Kong-licensed crypto exchange operator; its licensed platforms saw 18% stock rise over a month, showcasing regulated exchanges’ appeal.

As of the last update via CoinMarketCap, Ethereum (ETH) trades at $3,120.77 with a market cap of $376.66 billion. A 24-hour trading volume of $18.56 billion indicates an increase, despite a 22.32% and 30.86% drop over two and three months, respectively.

ethereum-daily-chart-2202 — Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 04:42 UTC on December 15, 2025. *Source: CoinMarketCap*

The Coincu research team anticipates HashKey’s move could amplify regulatory scrutiny, potentially driving future policy adaptations. Their licensing allows them to push regulatory boundaries, cementing their status as pivotal industry leaders.

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