HashKey Holdings, the parent company of Hong Kong-licensed virtual asset trading platform HashKey Exchange, is nearing the final stages of its initial public offering (IPO). As of December 10, the international placement portion of the IPO has been oversubscribed, with public offering subscriptions reaching approximately HKD 24.898 billion. This represents an oversubscription rate of about 148 times based on the fundraising target of HKD 167 million. The IPO subscription will close on December 12.