HashKey Surmounts Listing Hearing, Moves Into Final IPO Preparations

HashKey Holdings Limited, operator of Hong Kong’s leading licensed cryptocurrency platform, has passed the Hong Kong Stock Exchange listing committee hearing—a key review that decides the fate of IPO applications.

With this step completed, the company now advances to the prospectus registration, marketing, and pricing phases. In its announcement, HashKey indicated it will use the IPO capital to strengthen technological infrastructure, drive product innovation, bolster security, and expand its market reach.

While the firm declined to share the offering’s timeline or size, Bloomberg noted last fall that HashKey is targeting a raise of up to $500 million in 2024.