[HASHKEY Discloses IPO Details: Plans to Raise Up to HK$1.67 Billion, Listing on December 17] Odaily Planet Daily News – HASHKEY HLDGS (new listing code 03887) conducted its public offering from December 9 to December 12, planning to issue 240.6 million shares, with 10% allocated for public offering in Hong Kong. The offering price range is set between HK$5.95 and HK$6.95, with a maximum fundraising scale of approximately HK$1.67 billion. Each lot consists of 400 shares, with an entry fee of approximately HK$2,808 per lot. The company is expected to list on the Hong Kong Stock Exchange on December 17. JPMorgan, Guotai Junan Securities, and Haitong International are acting as joint sponsors. As of October 31, the company held approximately HK$1.48 billion in cash and cash equivalents, as well as digital assets valued at approximately HK$570 million, 89% of which are mainstream tokens (ETH, BTC, USDC, USDT, SOL). As of the end of September, the platform's asset scale reached HK$19.9 billion, with 3.1% stored in hot wallets and 96.9% in cold wallets. The cumulative spot trading volume reached HK$1.3 trillion, with the primary revenue source being transaction facilitation services, accounting for nearly 70%. Financially, HASHKEY recorded losses of HK$590 million, HK$580 million, and HK$1.19 billion over the past three years. In the first half of this year, losses narrowed to HK$510 million, a year-on-year decrease of 34.8%, while revenue was approximately HK$280 million, a year-on-year decrease of 26.1%. In terms of equity structure, Lu Weiding, Chairman of Wanxiang Group, is one of the major shareholders, holding 43.2% of the shares and exercising 22.9% of the voting rights of the employee shareholding platform. Founder Xiao Feng holds 16.3%, while other investors collectively hold 17.6%. This IPO has introduced nine cornerstone investors, including America AM Singapore, Fidelity Funds, CDH, Infini, and Zhiyuan Holdings, with a total subscription amount of approximately US$75 million (approximately HK$590 million). (Hong Kong Economic Times)