HashKey Holdings' public offering was nearly 148 times oversubscribed, and the IPO is entering its final stage.

Odaily Planet Daily reports that HashKey Holdings, the parent company of HashKey Exchange, continues to see active subscriptions in the IPO market. It is understood that the international offering has been oversubscribed, attracting long-term funds, including international and Chinese institutions.

Meanwhile, the public offering portion of the offering has been met with enthusiastic response. According to the latest data from several securities firms as of press time, the total amount of funds lent through securities firms for subscription has climbed to approximately HK$24.898 billion. Based on the HK$167 million raised in the public offering portion, this represents an initial oversubscription of approximately 148.91 times. HashKey Holdings' IPO will close on December 12th.