HashKey Shares Drop 3% in Disappointing Hong Kong Debut Despite $200M Raise

HashKey Holdings closed 3% below its IPO price of HK$6. 68 in its Hong Kong debut despite raising $206 million and attracting oversubscription from institutional and retail investors, as the city's largest licensed crypto exchange navigates broader market headwinds with bitcoin down 36% from October highs. source: https://cryptonews.com/news/hashkey-shares-drop-3-in-disappointing-hong-kong-debut-despite-200m-raise/