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Hong Kong licensed crypto exchange HashKey IPO raises $206 million, priced near upper end of range
Summary: According to reports, HashKey Holdings Ltd., the operator of Hong Kong's largest licensed cryptocurrency exchange, has priced its initial public offering (IPO) at the high end of the market range. HashKey Holdings Ltd. sold 240.6 million shares at a price of HK$6.68 per share, raising HK$1.6 billion (approximately $206 million) in this Hong Kong IPO. ...
According to reports, HashKey Holdings Ltd., the operator of Hong Kong's largest licensed cryptocurrency exchange, has priced its initial public offering (IPO) at the high end of the market range.
HashKey Holdings Ltd. sold 240.6 million shares at a price of HK$6.68 per share, raising HK$1.6 billion (approximately $206 million) in this Hong Kong IPO. The offering price range for the shares was HK$5.95 to HK$6.95 per share. HashKey did not exercise the option to increase the size of the offering. Institutional entities in the top 20 trading received approximately 80% of the shares allocated to institutional portion (excluding cornerstone investors). HashKey's stock is set to debut on Wednesday, with JPMorgan Chase & Co. and Guotai Junan Securities as joint sponsors for the IPO.
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Link: Hong Kong licensed crypto exchange HashKey IPO raises $206 million, priced near upper end of range [Copy]
