Odaily Planet Daily reports that HashKey Holdings (03887.HK) officially listed on the Hong Kong Stock Exchange at 9:30 AM today. The issue price was HK$6.68 per share, but the share price has already fallen to HK$6.53, breaking the issue price within an hour of listing. During this period, the share price reached a high of HK$7.12 and a low of HK$6.12.
Previous reports indicated that HashKey Holdings raised approximately HK$1.67 billion. The Hong Kong public offering was oversubscribed by 393.71 times, and the international placement was also oversubscribed.
According to Odaily Planet Daily, market data shows that HashKey Holdings' Hong Kong-listed shares opened higher, reaching a high of HK$7.12, and are currently trading at HK$7.08.
According to Odaily, HashKey Holdings Ltd., Hong Kong's largest licensed cryptocurrency exchange operator, has priced its initial public offering (IPO) at the high end of its market-promoted price range.
HashKey Holdings Ltd. sold 240.6 million shares at HK$6.68 per share, raising HK$1.6 billion (approximately US$206 million) in its Hong Kong IPO. The offering price range for the shares was HK$5.95 to HK$6.95 per share. HashKey did not exercise its option to increase the size of the deal. The top 20 institutional entities received approximately 80% of the shares allocated to institutional investors (excluding cornerstone investors). HashKey's shares are scheduled to debut on Wednesday, with JPMorgan Chase & Co. and Guotai Junan Securities acting as joint sponsors for the IPO. (Bloomberg)
