PANews reported on December 9th that, according to the Hong Kong Economic Journal, HASHKEY HLDGS (new listing number: 03887) will be open for IPO from December 9th to 12th. HASHKEY, the parent company of the Hong Kong-licensed virtual asset exchange Hashkey Exchange, plans to issue 240 million shares, with 10% offered publicly in Hong Kong. The offer price ranges from HK$5.95 to HK$6.95, raising up to HK$1.67 billion. Each lot consists of 400 shares, with an entry fee of HK$2,808. HASHKEY is expected to list on December 17th. JPMorgan, Guotai Haitong, and Guotai Junan International are the joint sponsors. As of October 31, the company held HK$1.48 billion in cash and cash equivalents and HK$570 million in digital assets, of which 89% were mainstream tokens, including ETH, BTC, USDC, USDT, and SOL. As of the end of September, the platform's assets exceeded HK$19.9 billion, with 3.1% held in hot wallets and 96.9% in cold wallets. The exchange's cumulative spot trading volume reached HK$1.3 trillion. Its main business is transaction facilitation services, accounting for nearly 70% of revenue. In the past three years, HASHKEY incurred losses of HK$590 million, HK$580 million, and HK$1.19 billion respectively. In the first six months of this year, HASHKEY's loss attributable to equity shareholders was HK$510 million, narrowing by 34.8% year-on-year, while revenue fell 26.1% to HK$280 million. In terms of shareholding, Lu Weiding, chairman of Wanxiang Group and an investor in HASHKEY, is one of the controlling shareholders, holding 43.2% of the shares and also having the right to exercise 22.9% of the voting rights of the employee stock ownership plan platform; Xiao Feng, the founder of HASHKEY, holds 16.3% of the shares; and other investors hold 17.6%. HASHKEY introduced a total of nine cornerstone investors, including UBS AM Singapore, Fidelity Investments, CDH, Xinting Fund, Infini, Zhiyuan Holdings (00990), Litong, Space Z PTE. LTD., and Shining Light Grace Limited, with an investment amount of US$75 million (approximately HK$590 million).PANews reported on December 9th that, according to the Hong Kong Economic Journal, HASHKEY HLDGS (new listing number: 03887) will be open for IPO from December 9th to 12th. HASHKEY, the parent company of the Hong Kong-licensed virtual asset exchange Hashkey Exchange, plans to issue 240 million shares, with 10% offered publicly in Hong Kong. The offer price ranges from HK$5.95 to HK$6.95, raising up to HK$1.67 billion. Each lot consists of 400 shares, with an entry fee of HK$2,808. HASHKEY is expected to list on December 17th. JPMorgan, Guotai Haitong, and Guotai Junan International are the joint sponsors. As of October 31, the company held HK$1.48 billion in cash and cash equivalents and HK$570 million in digital assets, of which 89% were mainstream tokens, including ETH, BTC, USDC, USDT, and SOL. As of the end of September, the platform's assets exceeded HK$19.9 billion, with 3.1% held in hot wallets and 96.9% in cold wallets. The exchange's cumulative spot trading volume reached HK$1.3 trillion. Its main business is transaction facilitation services, accounting for nearly 70% of revenue. In the past three years, HASHKEY incurred losses of HK$590 million, HK$580 million, and HK$1.19 billion respectively. In the first six months of this year, HASHKEY's loss attributable to equity shareholders was HK$510 million, narrowing by 34.8% year-on-year, while revenue fell 26.1% to HK$280 million. In terms of shareholding, Lu Weiding, chairman of Wanxiang Group and an investor in HASHKEY, is one of the controlling shareholders, holding 43.2% of the shares and also having the right to exercise 22.9% of the voting rights of the employee stock ownership plan platform; Xiao Feng, the founder of HASHKEY, holds 16.3% of the shares; and other investors hold 17.6%. HASHKEY introduced a total of nine cornerstone investors, including UBS AM Singapore, Fidelity Investments, CDH, Xinting Fund, Infini, Zhiyuan Holdings (00990), Litong, Space Z PTE. LTD., and Shining Light Grace Limited, with an investment amount of US$75 million (approximately HK$590 million).