HashKey IPO News Today, Dec 17: Disappointing Debut Despite Strong IPO

HashKey’s highly-anticipated IPO on the Hong Kong stock exchange saw a disappointing market debut, with shares falling 2.5% on December 17, 2025. Priced near the higher end of its range, the cryptocurrency exchange raised $206 million, signaling strong pre-listing interest. This debut is crucial as Hong Kong seeks to solidify its stance as a digital asset hub, juxtaposed against China’s stringent crypto ban. Despite initial excitement, HashKey’s performance reflects broader market challenges.