Crypto Exchange HashKey Is Said to Price Hong Kong IPO Near High End of Range

HashKey Holdings Ltd., the operator of Hong Kong’s largest licensed cryptocurrency exchange, raised HK$1.6 billion ($206 million) after pricing its initial public offering toward the high end of the marketed range, according to people familiar with the matter.

The company sold 240.6 million shares in its Hong Kong IPO at HK$6.68 each, the people said, asking not to be identified discussing a private matter. It had marketed the shares at HK$5.95 to HK$6.95 apiece. HashKey didn’t exercise an option to increase its deal size, the people added.