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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. Hong kong’s largest licensed crypto player set its initial public offering (ipo) price range at hk$5.95 to hk$6.95 apiece for more than 240 million shares, according to a filing on tuesday Hashkey said it's looking to raise hk$1.67 billion ($215 million) in a hong kong ipo Hashkey to become hong kong's first listed crypto exchange, backed by china's wanxiang group Ipo tests city's web3 ambitions. 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.

The ipo sets out 240.57 million shares in the global offering, including 24.06.

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