HashKey Holdings Targets $200 Million in Hong Kong IPO

2025-12-05 17:28

HashKey Holdings is set to launch its investor subscription for a Hong Kong IPO as early as next week, aiming to raise at least $200 million. The company plans to list by the end of this month, although the fundraising target and timeline may still be adjusted, according to sources. The listing documents reveal a loss of HKD 506 million in the first half of 2025, with revenue down 26% year-on-year. Despite this, HashKey facilitated spot trading volumes of HKD 1.3 trillion in the first nine months of the year.

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