Crypto Exchange HashKey’s Shares Rise in Hong Kong Debut
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Shares of HashKey Holdings Ltd., operator of Hong Kong’s largest licensed cryptocurrency exchange, climbed on their trading debut after an initial public offering that raised HK$1.6 billion ($206 million). The stock opened 0.3% higher to HK$6.70 per share in the city on Wednesday after the company sold 240.6 million shares at HK$6.68 apiece, near the top of the marketed range. The sale valued HashKey at HK$18.5 billion, based on the expected share count in its listing document. Its 24.06 million shares allocated to retail investors in Hong Kong were 393.71 times subscribedBloomberg Terminal.