HashKey Holdings began trading on the Hong Kong Stock Exchange after completing an initial public offering that raised $206 million.
The company’s shares opened at 6.70 Hong Kong dollars, or about $0.86, on the main board.
In a blog post published on December 17, HashKey Group noted that it became the first digital asset exchange in Asia to go public in Hong Kong.
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The company described the event as an important step in its development, which would help strengthen its position for future growth and international plans.
The IPO launched on December 9 and saw strong investor interest. According to filings with the exchange, HashKey sold a total of 240 million shares.
The local offering in Hong Kong was nearly 394 times oversubscribed, with 24 million shares sold. The international portion attracted 5.5 times the available amount, with 216.5 million shares placed with overseas buyers.
During the listing ceremony, HashKey’s chairman and CEO, Xiao Feng, spoke about the company’s outlook. He said:
Listing on the HKEX is a starting point that resembles greater responsibility.
He added that the firm’s success depends on maintaining compliance standards and a long-term approach to building trust.
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