HashKey Makes History with $206M Hong Kong IPO Launch

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HashKey Makes History with $206 Million Hong Kong IPO Launch

Written by Aaron S.,

Editor-In-Chief

Last Updated: December 17, 2025

Key Takeaways

HashKey raised $206 million through its Hong Kong IPO, which marks the first public listing of a digital asset exchange in Asia;
Investor demand was strong, with Hong Kong subscriptions 394x oversubscribed and overseas interest 5.5x higher than available shares;
CEO Xiao Feng said the listing brings greater responsibility and reaffirmed the firm’s focus on compliance and long-term trust.

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HashKey Makes History with $206 Million Hong Kong IPO Launch

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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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