HashKey Holdings (03887.HK) fell below its IPO price one hour after listing, with the share price temporarily at HK$6.53.

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.