Dec 16 : HashKey Group, Hong Kong’s largest licensed crypto trade, has set its preliminary public providing worth at HK$6.68 per share, elevating HK$1.61 billion ($206.96 million), in accordance with an trade submitting on Tuesday.
The firm provided 240.6 million shares beneath the IPO, and a supply with direct data of the matter had advised Reuters on Monday the corporate could be pricing the IPO close to the higher finish of the marketed vary.
The retail and institutional parts of the IPO had been over-subscribed practically 393 and 5 instances, respectively, paperwork lodged with the Hong Kong stock trade confirmed.
U.S. market volatility has weighed on Hong Kong listings, with investor warning rising after a blockbuster 12 months that topped the town because the world’s prime itemizing venue by deal quantity.
HashKey Group, based in 2018, gives a variety of providers together with asset administration, brokerage and tokenisation, and runs Hong Kong’s largest licensed crypto trade.
Shares are anticipated to debut on the stock trade on Wednesday, HashKey stated.
($1 = 7.7794 Hong Kong {dollars})