HashKey aims for US$214 million in Hong Kong IPO amid Beijing’s crypto pressure
Crypto exchange operator HashKey Holdings has launched its share sale in Hong Kong, testing investor appetite amid repeated warnings against virtual currencies by China’s central bank.
Hong Kong’s largest licensed crypto player set its initial public offering (IPO) price range at HK$5.95 to HK$6.95 apiece for more than 240 million shares, according to a filing on Tuesday. The listing date is December 17.
With the price range, HashKey is eyeing up to HK$1.67 billion (US$214 million). In October, the firm was said to be aiming for US$500 million.
The People’s Bank of China has repeated its tough stance on cryptocurrency speculation, including stablecoins. It said it would maintain its ban on crypto trading and persistently crack down…
