Overview
- Investor orders could open as early as next week with a potential debut before the end of December, according to reports citing people familiar with the plan.
- HKEX’s listing process has advanced after a post‑hearing document was published this week, clearing the offering to move into its final stages.
- HashKey reported a HK$506 million (about $65 million) loss for the first half of 2025, with revenue down 26% to HK$384 million, according to its IPO filing.
- The company disclosed HK$1.3 trillion (approximately $167 billion) in cumulative spot trading volume as of September, indicating significant platform activity.
- HashKey previously reached a roughly $1.5 billion valuation through private raises, and if the IPO meets its target it could rank among Hong Kong’s most valuable listed crypto firms.