HashKey crypto exchange sees bumpy Hong Kong debut after $206M IPO

HashKey debuted on Hong Kong’s HKEX following a $206 million oversubscribed IPO, with the stock seeing notable volatility on its first day of trading.

HashKey, Hong Kong’s largest cryptocurrency exchange, has made its trading debut on the Stock Exchange of Hong Kong (HKEX) following a $206 million initial public offering.

Shares of HashKey Holdings officially listed on the HKEX main board on Wednesday, opening at 6.7 Hong Kong dollars ($0.86), according to data from the exchange.

Announcing the news in a blog post, HashKey Group said the exchange became the first publicly traded digital asset company in Asia to go public through an IPO in Hong Kong.

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