HASHKEY reveals IPO details: plans to raise up to HKD 1.67 billion, expected to be listed for sale on December 17th According to the Hong Kong Economic Times, HASHKKEY HLDGS (new listing number: 03887) plans to issue 240 million shares from December 9th to 12th. HASHKKEY, the parent company of Hashkey Exchange, a licensed virtual asset exchange in Hong Kong, plans to publicly offer 10% of the shares in Hong Kong. The offering price ranges from HKD 5.95 to HKD 6.95, raising up to HKD 1.67 billion, with 400 shares per lot and an entry fee of HKD 2808 per lot. HASHKEY is expected to be listed for trading on December 17th. Motong, Guotai Haitong, and Guotai Junan International are joint sponsors. As of October 31st, the company owned HKD 1.48 billion in cash and cash equivalents, as well as HKD 570 million in digital assets. Mainstream tokens accounted for 89% of the digital assets, including ETH, BTC, USDC, USDT, and SOL. As of the end of September, the platform's assets exceeded HKD 19.9 billion, of which 3.1% were stored in hot wallets and 96.9% in cold wallets. The cumulative spot trading volume on the exchange is HKD 1.3 trillion. Our main business is transaction facilitation services, accounting for nearly 70% of our revenue. Over the past three years, HASHKKEY has incurred losses of HKD 590 million, HKD 580 million, and HKD 1.19 billion respectively. In the first six months of this year, HASHKKEY's equity shareholders' share of losses amounted to HKD 510 million, a year-on-year decrease of 34.8%, while revenue decreased by 26.1% to HKD 280 million. In terms of equity, HASHKEY investor and chairman of Wanxiang Group, Lu Weiding, is one of the controlling shareholders, holding 43.2% of the shares and also has the right to exercise 22.9% of the voting rights on the employee stock ownership plan platform; Hashkey founder Xiao Feng holds 16.3% equity; Other investors hold 17.6% of the shares. HASHKEY introduces America AM Singapore, Fidelity Fund CDH、 Xinting Fund Infini、 Zhiyuan Holdings (00990), Litong, Space Z PTE. LTD., Shining Light Grace Limited, a total of 9 cornerstone investors with an investment amount of 75 million US dollars (approximately 590 million Hong Kong dollars).