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HashKey (03887.HK) is priced at the mid to high end, with international placement covered multiple times.
BlockBeats News, December 15th. According to market sources, Hong Kong's first publicly listed crypto asset company, HashKey Group (03887.HK), has set a price range of 5.95-6.95 Hong Kong dollars for its IPO, with an expected mid to high-end pricing. Its public offering has received approximately 395 times oversubscription, involving around 66.8 billion Hong Kong dollars, attracting participation from 89,000 people. The international placement portion also saw multiple times oversubscription. In addition to support from cornerstone investors such as UBS Asset Management, Fidelity International, and DHVC, it has also attracted interest from several top long-term funds from Europe, the US, and China.
The stock is expected to price on the 15th of this month and commence trading on the 17th, with J.P. Morgan and Citi as the joint sponsors.
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