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Hashkey group , hong kong's largest licensed crypto exchange, is aiming to raise up to hk$1.67 billion ($214.66 million) in its initial public offering in the city, according to a prospectus.

Hashkey group launches its ipo as it looks to raise up to $214.7 million, backed by jpmorgan, targeting expansion in crypto exchange, asset management and blockchain infrastructure. Hashkey seeks $215 million in hong kong ipo while racing against its cash burn rate hashkey's prospectus highlights surging institutional volume, expanding staking and tokenization pipelines and. Hashkey is seeking up to hk$1.67b, about $215m, in a hong kong ipo that would make it the city’s first listed crypto exchange. Crypto exchange hashkey holdings plans to raise us$215 million in its hong kong ipo, selling 240.57m shares with trading set to begin on december 17.