HashKey Holdings passes HK listing hearing

HashKey Holdings, the parent company of Hong Kong-licensed virtual asset trading platform HashKey Exchange, has passed a listing hearing on the Hong Kong stock exchange.

IFR reported the firm aims to raise about US$500 million (HK$3.9 billion) via an initial public offering as soon as this month.

J.P. Morgan and Guotai Junan Capital are joint sponsors of the deal.

The company reported a net loss of HK$1.19 billion for 2024, with an adjusted loss of HK$545 million. In the first half of 2025, it recorded a net loss of HK$507 million and an adjusted loss of HK$452 million.