HashKey Holdings' IPO Enters Final Stage, Public Offering Receives Over 148x Oversubscription

**HashKey Holdings (03887) – parent of Hong Kong-licensed virtual asset trading platform HashKey Exchange, slated to list on the Hong Kong Stock Exchange – reported robust market subscription activity as of December 10.** The firm’s international placement was heavily oversubscribed, attracting long-term capital from international and Chinese institutional investors. Its public offering portion also drew enthusiastic responses. As of press time, latest data from multiple brokerages shows total subscription funds lent via brokerage channels have climbed to approximately HK$24.898 billion. Based on the public offering’s fundraising target of HK$167 million, the preliminary oversubscription multiple stands at around 148.91 times – reflecting strong investor engagement. HashKey Holdings’ share subscription window closes on December 12.