3 days ago
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By Kane Wu
HONG KONG, Dec 15 (Reuters) - HashKey Holdings, Hong Kong's largest licensed crypto exchange, is acceptable to rise about HK$1.6 cardinal ($206 million) aft pricing its Hong Kong archetypal public offering astatine HK$6.68 a share, 1 root with nonstop cognition said connected Monday.
HashKey launched the IPO past week, offering 240.6 cardinal shares astatine a terms of HK$5.95 to HK$6.95 each.
The institution did not respond to a Reuters petition for comment.
Bloomberg archetypal reported astir HashKey's IPO pricing connected Monday.
HashKey, founded successful 2018, offers a wide scope of services including plus management, brokerage and tokenisation, and runs the city's largest licensed crypto exchange.
It is scheduled to commencement trading connected the Hong Kong Stock Exchange connected December 17.
UBS, Fidelity and Chinese concern steadfast CDH are among cornerstone investors in the IPO, HashKey's offering prospectus shows.
The IPO comes arsenic some of the world's large cryptocurrencies person been connected a roller-coaster thrust successful caller months aft repeatedly hitting grounds highs earlier this year.
Bitcoin, the world's largest cryptocurrency, plunged arsenic overmuch arsenic 36% successful astir a month's clip aft reaching an all-time highest supra $126,000 successful aboriginal October. Authorities successful Beijing, which banned cryptocurrency trading successful 2021, person precocious renewed their warnings astir virtual currencies.
The People's Bank of China past period reaffirmed its pugnacious stance, cautioning against a resurgence of speculation and vowing to ace down connected amerciable activities involving virtual currencies. However Hong Kong, which operates nether a freer economical strategy than mainland China, has embraced integer assets arsenic it seeks to fortify its estimation arsenic a leading fiscal hub.
(Reporting by Kane Wu; Additional reporting by Jiaxing Li; Editing by Louise Heavens)
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