Overview
- HashKey is offering 240.57 million shares at HK$5.95–6.95, with final pricing on Dec. 16 and trading expected to start Dec. 17 under stock code 3887.
- Cornerstone investors UBS Asset Management, Fidelity International, and Infini Capital have committed a combined $75 million with six‑month lock‑ups.
- JPMorgan Chase and Guotai Junan are joint sponsors, and the top of the price range implies a valuation near HK$19 billion.
- The prospectus reports HK$29.0 billion in assets under staking and HK$7.8 billion in assets under management, alongside exchange, custody, tokenization, and staking businesses.
- HashKey discloses multi‑year losses that widened to HK$1.19 billion in 2024, and the IPO, if completed, would make it Hong Kong’s first publicly listed crypto exchange.