[HASHKEY Discloses IPO Details: Plans to Raise Up to 1.67 Billion Yuan, Expected to List on December 17] According to a report by Jinse Finance, citing the Hong Kong Economic Times, HASHKEY HLDGS (new listing code: 03887) will open its public offering from December 9 to December 12. The parent company of Hong Kong-licensed virtual asset exchange Hashkey Exchange, HASHKEY, plans to issue 240 million shares, with 10% offered publicly in Hong Kong. The offering price ranges from 5.95 yuan to 6.95 yuan, aiming to raise up to 1.67 billion yuan. Each lot consists of 400 shares, with an entry fee of 2,808 yuan per lot. HASHKEY is expected to list and commence trading on December 17. JPMorgan, Guotai Junan Securities, and Guotai Junan International are joint sponsors. As of October 31, the company held 1.48 billion yuan in cash and cash equivalents, as well as digital assets valued at 570 million yuan. Among the digital assets, mainstream tokens accounted for 89%, including ETH, BTC, USDC, USDT, and SOL. As of the end of September, platform assets exceeded 19.9 billion yuan, with 3.1% stored in hot wallets and 96.9% stored in cold wallets. The exchange's cumulative spot trading volume reached 1.3 trillion yuan. The core business is transaction facilitation services, accounting for nearly 70% of revenue. Over the past three years, HASHKEY recorded losses of 590 million yuan, 580 million yuan, and 1.19 billion yuan, respectively. In the first six months of this year, the loss attributable to equity shareholders of HASHKEY narrowed by 34.8% year-on-year to 510 million yuan, while revenue declined by 26.1% to 280 million yuan.