HashKey through hearing: encryption regular army formally knocks on the mainstream Capital Market

HashKey Holdings Limited, registered in the Cayman Islands and deeply rooted in Hong Kong for a long time, has passed the hearing of the Hong Kong Stock Exchange. Behind it are traditional financial giants such as JPMorgan, Cathay Securities, and Guotai Junan International serving as sponsors. This lineup itself indicates one thing: the regular army of the encryption industry is truly entering the sight of mainstream finance.

The information set after the hearing has been released, but from the content, all key parameters are still in draft stage. The issue price, issue scale, public offering, and allocation ratio have not been finalized. The ultra-low par value of $0.00001 per share is just a technical setting; the real issue price will have to wait for the overall coordinator to negotiate with the company.

In the current environment of cautious policies and widespread tightening of global regulations, companies that can advance their IPO to this stage are not just testing the waters. HashKey reaching this point, in a sense, represents that the route of compliant exchanges + digital asset service providers has begun to be officially accepted by mainstream capital.

However, it's too early to say anything definitively. The Hong Kong Stock Exchange has emphasized that the information set after the hearing is still a draft, and everything is subject to the final prospectus registered with the Companies Registry. For investors, the key now is not to rush, but to continue observing its structure, business, finances, and final pricing.

Overall, this step is quite significant for the industry, but the real conclusion will have to wait until the final official prospectus is released.

#HashKey # Hong Kong IPO #HKEX