JPMorgan to shepherd HashKey listing as crypto firm eyes $215m raise – DL News
- HashKey filed for an IPO in Hong Kong and looks to raise $215 million.
- The crypto exchange is part of a short list of licensed crypto firms in the region.
- A lack of bullish sentiment may dampen listing hopes.
On Tuesday, HashKey’s parent company announced it would seek a public listing on the Hong Kong stock exchange.
HashKey Holdings Ltd., which operates the largest cryptocurrency exchange in the region, hopes to raise as much as $215 million from the listing, potentially vaulting its valuation to more than $2 billion, according to a filing.
JP Morgan and the Chinese securities firm Guotai Junan are joint sponsors of the listing.
At just $96 million in trading volume over the last day, HashKey Exchange is far smaller than leading…
