HashKey Group, trading under 03887.HK, has achieved a remarkable milestone as its initial public offering (IPO) was oversubscribed 395 times, attracting 89,000 investors and raising HKD 66.8 billion. The IPO price is expected to be set at the upper range of HKD 5.95 to HKD 6.95. The company, Hong Kong's first listed digital asset market player, will see its shares priced on December 15 and commence trading on December 17. The international placement of HashKey's IPO also saw significant interest, with backing from major investors such as UBS Asset Management, Fidelity International, and CDH Investments. JPMorgan and China International Securities are serving as underwriters for the offering. This strong demand highlights the growing institutional interest in the digital asset market, potentially boosting altcoin momentum.