HashKey Clears HKEX Listing Hearing, Advances Toward IPO
HashKey has secured approval from the Hong Kong Stock Exchange's listing committee, a critical milestone in its journey toward an initial public offering. The crypto exchange will now proceed with prospectus registration, marketing, and book-building ahead of its anticipated debut.
The company plans to allocate IPO proceeds toward technological infrastructure upgrades and market expansion. This follows a $30 million investment from Gaorong Ventures earlier this year, which pushed HashKey's valuation to $1.5 billion.
HashKey Capital, the firm's investment arm, recently received regulatory approval from Hong Kong's Securities and Futures Commission—a strategic advantage as the exchange positions itself in Asia's evolving digital asset landscape.
