HashKey Holdings Advances Towards IPO on Hong Kong Stock Exchange
- HashKey Holdings has submitted a post-hearing information pack to the Hong Kong Stock Exchange (HKEX), moving closer to its initial public offering (IPO).
- The document, consisting of 633 pages, indicates that HashKey’s listing application has been cleared by HKEX’s listing committee.
- As of now, HashKey is Hong Kong’s largest crypto exchange with a daily trading volume of approximately $108 million.
- JPMorgan and local firms Guotai Junan International and Haitong International are listed as joint sponsors for the IPO.
- In February, Gaorong Ventures invested $30 million in HashKey, raising its valuation to nearly $1.5 billion.
HashKey’s progress towards an IPO reflects growing interest in the cryptocurrency sector in Hong Kong, especially with recent regulatory frameworks for stablecoin issuers attracting significant attention from major Chinese tech companies.
With a potential valuation nearing $1.5 billion and backing from major financial institutions, HashKey’s IPO is poised to be a significant event in the crypto market landscape.(Source)
