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03887 HASHKEY HLDGS
HASHKEY HLDGS
Listing Date2025/12/17    Listing Tomorrow
Listing Price6.680
Grey Market Performance
Last updated: 16/12/2025 19:54  Refresh
  • Bright Smart
    down 6.560 -0.120 (-1.796%)
    High
    7.340
     
    Low
    6.300
    Volume
    448,000
    One Lot Profit
    -48.00
  • Phillip
    unchange 6.680 0.000 (0.000%)
    High
    7.300
     
    Low
    6.100
    Volume
    8,330,000
    One Lot Profit
    0.00
  • Futu
    down 6.610 -0.070 (-1.048%)
    High
    7.710
     
    Low
    6.580
    Volume
    8,562,400
    One Lot Profit
    -28.00
  • Bid
  • Ask
  • 6.560
  • (1) 4.4K
  • 6.4K (2)
  • 6.650
  • 6.550
  • (0) 0
  • 10K (2)
  • 6.660
  • 6.540
  • (1) 5.2K
  • 400 (1)
  • 6.670
  • 6.530
  • (0) 0
  • 3.2K (4)
  • 6.680
  • 6.520
  • (2) 2.8K
  • 400 (1)
  • 6.690
  • 6.510
  • (0) 0
  • 1.2K (3)
  • 6.700
  • 6.500
  • (0) 0
  • 0 (0)
  • 6.710
  • 6.490
  • (0) 0
  • 400 (1)
  • 6.720
  • 6.480
  • (0) 0
  • 0 (0)
  • 6.730
  • 6.470
  • (0) 0
  • 400 (1)
  • 6.740
  • Bid
  • Ask
  • 6.680
  • (2) 23.2K
  • 2K (4)
  • 6.690
  •  
  • (1) 2K
  • 24.8K (3)
  •  
  •  
  • (0) 0
  • 10K (1)
  •  
  •  
  • (0) 0
  • 2.4K (1)
  •  
  •  
  • (3) 6.8K
  • 1.2K (3)
  •  
 
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COMPANY PROFILE

HashKey Holdings Limited offers a licensed digital asset platform to provide transaction facilitation services, on-chain services, and asset management services. The Group’s platform has the capability to issue and circulate tokenised RWAs, and has launched HashKey Chain, a scalable and interoperable Layer 2 infrastructure designed to support on-chain migration.

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The Group is the largest regional onshore platform in Asia by trading volume in 2024, according to the report. Beyond trading, the Group is also the largest on-chain services provider in terms of assets under staking and the largest digital asset manager by AUM in Asia.

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As of September 30, 2025, the Group’s platforms supported a total of 80 digital asset tokens, covering a wide range of categories including major layer-1 assets, DeFi tokens, stablecoins and emerging ecosystem projects.

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The Group’s customer base primarily consisted of institutional customers, including banks, asset managers, family offices, hedge funds, and Web3 developers, omnibus customers, such as licensed securities firms, ecosystem partners, and retail users.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureOther Financials
Major Business AreaGlobal
Board Lot400
GLOBAL OFFERING
No. of Offer Shares240.57M shares
No. of International Offer Shares216.51M shares
No. of HK Offer Shares24.06M shares
Offer Price$5.95 - $6.95
Stock Code3887
Sponsor(s)J.P. Morgan Securities (Far East) Limited, Guotai Junan Capital Limited, J.P. Morgan Securities (Asia Pacific) Limited, Guotai Junan Securities (Hong Kong) Limited
Underwriter(s)J.P. Morgan Securities (Asia Pacific) Limited, Guotai Junan Securities (Hong Kong) Limited, CMB International Capital Limited, Eddid Securities and Futures Limited, First Shanghai Securities Limited, Futu Securities International (Hong Kong) Limited, Huatai Financial Holdings (Hong Kong) Limited, Tiger Brokers (HK) Global Limited, Victory Securities Company Limited
TIME TABLE
Application PeriodDec 09 (Tue) - noon, Dec 12 (Fri)
Price Determination DateDec 15 (Mon)
Result Announcement DateOn or before Dec 16 (Tue)
Result Announcement DateOn or before Dec 16 (Tue)
Result Announcement DateOn or before Dec 17 (Wed)
Dealings in Shares commence onDec 17, 2025. (Wed)
Reallocation of Shares Offered
Sales Statistics (HKD)
Offer Price$5.95 - $6.95
Capitalization16.45B - 19.22B
NAV / share ($)$0.55 - $0.68 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 6.45, the net proceeds raised would be HKD 1.43B, of which
40% : Technology and infrastructure iteration
40% : Market expansion and ecosystem partnerships
10% : Operational and risk management
10% : Working capital
IPO NEWS
16/12/2025 18:35
{New Stock}HASHKEY HLDGS ends flat at HK$6.68 on grey market
16/12/2025 16:20
{New Stock}HASHKEY HLDGS up 2.99% at HK$6.88 on grey market
Related Document
Prospectus Prospectus  Chinese VersionProspectus  English Version
Remark： The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
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