HashKey falls 2.1% after 3% early gain; Hong Kong IPO raises $206M at HK$6.68

On December 17, 2025, HashKey began trading in Hong Kong with a brief 3% jump before sliding 2.1% by press time. Its IPO raised $206 million at HK$6.68 per share, near the top of the HK$5.95–HK$6.95 range, and early backers included Fidelity, UBS, CDH Investments and Cithara Fund.