Licensed exchange HashKey seeks IPO in Hong Kong to raise no more than US$500 million

PANews reported on October 10 that according to people familiar with the matter, HashKey Group, Hong Kong’s largest licensed cryptocurrency exchange operator, has secretly submitted an initial public offering application in Hong Kong. People familiar with the matter said that HashKey may aim to go public as early as this year, and the listing may raise up to $500 million in funds. Deliberations are ongoing and details including valuation and timing could change, people familiar with the matter said.

A HashKey representative said the company has no information to disclose related to the listing at this time. Hong Kong launched a virtual asset regulatory framework last year in an effort to solidify its position as a digital asset hub.

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