Crypto exchange HashKey makes solid Hong Kong trading debut — TradingView News
Shares of crypto exchange HashKey Holdings 33887 climbed 6.6% in their Hong Kong market debut on Wednesday after an initial public offering that raised $206 million.
HashKey, founded in 2018, offers a wide range of services including asset management, brokerage and tokenisation in addition to running the Asian financial hub’s largest licensed crypto exchange.
Its shares were last trading at HK$7.12, compared to the IPO price of HK$6.68. By comparison, the Hang Seng Index was up just 0.2%.
Demand for the institutional investor tranche of HashKey’s IPO reached 5.5 times the amount of stock on offer, the company’s filings showed. The retail tranche was nearly 394 times oversubscribed.
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