Hungry Old Money, HKD 66.8 billion Absolute landmark event - HashKey Hong Kong licensed virtual asset first stock financing listing, priced on the 15th and listed on the 17th The public offering exceeded the purchase limit by nearly 400 times, with frozen funds of HKD 66.8 billion and nearly 90000 retail investors participating You should know how weak the overall Hong Kong stock market is currently, and how rare it is for @ HashKeyGroup to be oversold by 100 times. The capital market is so thirsty for Hong Kong's first licensed virtual asset listed company This is definitely different from simply launching new products. It is a bet on the explosion of Web3 dividends under the compliance framework of Hong Kong - a collective pursuit of formal regulatory certainty, which can better illustrate the spillover effect of liquidity from the cryptocurrency circle to the mainstream stock market Very Interesting Voting - Top International Placement Hidden Behind the Scenes Behind the 90000 retail investors chasing the surface of excitement, what surprised me even more was the true entry of traditional long-term funds: UBS Asset Management (America AM), Fidelity International (Fidelity), and CDH Investment (CDH) These European, American, and Chinese giants' capital investments in any project are not random but very cautious. They used to hold a wait-and-see attitude towards cryptocurrency projects, but now they are deeply involved, sending a very hardcore signal - traditional financial capital has completed due diligence on the HashKey model and recognized it This' compliance pass' also marks the beginning of mainstream capital accepting legal channels for virtual assets, breaking the self interested pattern of VC in the cryptocurrency circle The main reason, to put it simply, is that we don't lack funds, what we lack is a high-quality and compliant asset entry point - HashKey is precisely this thing The successful financing of HashKey further indicates that TradFi funds are strategically laying out Web3 through Hong Kong as a gateway HashKey will play a key anchoring role in the future After checking the information, the bidding price range is HKD 5.95-6.95, and it is expected to be priced at the upper limit. It will be finalized on December 15th, which reflects the strength of the seller's market under the dual sponsorship of JPMorgan Chase and Guotai Junan International - the market is willing to pay a premium for compliance and scarcity. Unlike the valuation logic of pure technology stocks or financial stocks, HashKey is regarded as a high growth new species, and its pricing will become the benchmark anchor point for Web3 companies to list in Hong Kong in the future. After its listing on December 17th, if the future market is stable, it will prove the independent narrative space of virtual asset service providers in traditional stock markets We are all fortunate to witness events that will go down in history HashKey is currently the first and largest digital asset company IPO in the Asian market. The pricing on the 15th and the opening on the 17th will be the best window to observe how mainstream capital embraces the future of encryption. This landmark financing event is not only HashKey's victory, but also a new starting point for the Web3 compliance era! @siyahashkey