# Сопутствующие статьи по теме IPO

Новостной центр HTX предлагает последние статьи и углубленный анализ по "IPO", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Valuation at $1.25 Billion Post-SPAC Listing, Securitize to Issue "True Equity" On-Chain Stocks

Securitize, a major RWA (Real World Assets) platform, plans to launch native on-chain stock products by Q1 2026. Unlike synthetic or beneficial-rights models that track prices or represent indirect claims, Securitize will issue legally recognized shares directly on-chain, with tokens representing full shareholder rights including dividends and voting. These shares will be recorded on the issuer’s official cap table. Valuing compliance and integration with traditional finance, Securitize is an SEC-registered transfer agent. It has already tokenized over $3 billion in assets, including BlackRock’s $1.7+ billion BUIDL money market fund, and works with major institutions like Apollo, KKR, and VanEck. In October, Securitize announced plans to go public via a SPAC merger with Cantor Equity Partners II at a $1.25 billion valuation (ticker: SECZ). Backed by investors such as Morgan Stanley, BlackRock, and ARK Invest, the company is positioning itself as a bridge between traditional finance and decentralized systems, emphasizing regulatory alignment and institutional adoption.

Odaily星球日报12/19 08:37

Valuation at $1.25 Billion Post-SPAC Listing, Securitize to Issue "True Equity" On-Chain Stocks

Odaily星球日报12/19 08:37

Pantera Partner: The Return of Professionalism and Rationality in Crypto VC, Where Is the Next Investment Hotspot?

Pantera Capital partners Paul Veradittakit and Franklin Bi discuss the current state and future trends of crypto venture capital. Despite a record $34 billion in total funding this year, deal volume has halved compared to 2021-2022, signaling a market shift toward professional, institutional capital focused on later-stage projects with rigorous due diligence. They attribute the previous "metaverse" and "altcoin" speculation frenzy to low interest rates and excess liquidity, which funded many unsustainable projects. The market is now rationalizing. Key developments include a clearer exit path via IPOs (e.g., Circle) and the emergence of Digital Asset Treasuries (DATs), which are actively managed vehicles for yield generation. DAT competition will hinge on execution and asset growth. Future investment themes include: - **Tokenization**: A multi-decade trend enabling programmable assets and new financial products, with stablecoins as a killer app. - **ZK-TLS (Zero-Knowledge TLS)**: Crucial for verifying off-chain data authenticity without exposing raw data, enabling new applications. - **Consumer/Prediction Markets**: Platforms like Polymarket offer democratized information discovery and entertainment. In a "bull or bear" segment: - **Stocks**: Divergent views on Robinhood (bullish for integration) vs. Coinbase (bullish for global institutional expansion). - **Payment Chains**: Skepticism about user lock-in vs. potential for optimized chains. - **Privacy**: Debate on whether it's a feature (bearish) or a investable vertical (bullish for enterprise solutions). Additional insights: - Token lockups should align investors and founders to ensure long-term commitment. - The "L1 war" isn't over; value capture mechanisms and user activity will determine winners.

marsbit12/19 07:39

Pantera Partner: The Return of Professionalism and Rationality in Crypto VC, Where Is the Next Investment Hotspot?

marsbit12/19 07:39

Before Soaring to a $1.5 Trillion IPO, Musk Almost Lost Everything

Elon Musk's SpaceX is on the verge of a historic $150 billion IPO in 2026, targeting a $1.5 trillion valuation, which would make it one of the largest public offerings ever. This marks a dramatic turnaround from its near-collapse in 2008. Founded in 2002, SpaceX faced immense skepticism and multiple failures. Its first three Falcon 1 rockets exploded, nearly bankrupting the company and coinciding with Musk's personal crises during the financial crash. The fourth launch in September 2008 succeeded, saving the company and securing a crucial $1.6 billion NASA contract. SpaceX’s breakthrough came from challenging aerospace norms. It pioneered reusable rockets, first landing a Falcon 9 booster in 2015, drastically cutting costs. For its Mars-bound Starship, Musk applied first principles, opting for cheap stainless steel over expensive carbon fiber, simplifying manufacturing and reducing expenses. The key to its $800 billion pre-IPO valuation is Starlink. With over 7.65 million subscribers and projected 2026 revenues of $22-24 billion, it provides stable cash flow, transforming SpaceX from a launch provider into a global telecom giant. Musk, initially opposed to IPO distractions, now seeks capital for Mars colonization. The IPO’s $30 billion raise will fund ambitious plans, including uncrewed Mars landings by 2027 and a self-sustaining city on Mars within 20 years. For Musk, wealth is a means to make humanity a multi-planetary species.

深潮12/19 06:12

Before Soaring to a $1.5 Trillion IPO, Musk Almost Lost Everything

深潮12/19 06:12

HashKey Falls Below IPO Price on First Day of Trading, 'The Eastern Coinbase' Not Yet Established

HashKey Holdings (stock code: 03887.HK), known as the first Hong Kong-listed cryptocurrency exchange, debuted on the Hong Kong Stock Exchange on December 17. Despite strong pre-IPO interest—with its public offering oversubscribed by nearly 394 times—the stock price fell below its initial offering price of HK$6.68 within the first hour of trading. It closed the day at HK$6.67 after hitting a low of HK$6.12. The market response contrasts sharply with earlier optimism from crypto industry participants, who had hailed HashKey as a milestone for Hong Kong’s Web3 sector and even dubbed it the "Eastern Coinbase." However, the article points out significant gaps between HashKey and Coinbase in terms of scale: HashKey has only 138,000 registered users and average daily trading volumes in the millions of dollars, far below Coinbase’s pre-IPO user base of 56 million and billions in daily trades. HashKey has reported four consecutive years of losses, which the company attributes to high investment in technology and compliance during its early development phase. The IPO raised approximately HK$1.67 billion, with 40% earmarked for technology upgrades and another 40% for market expansion. The listing is seen by some as a symbolic step toward broader acceptance of crypto in traditional finance, yet the author suggests HashKey’s successful listing may remain an isolated case in Hong Kong. This is largely due to the influential backing of its major shareholder, Lu Weiding—chairman of Wanxiang Group and a prominent business and political figure—whose support may be difficult for other crypto firms to replicate under current regulatory conditions.

Odaily星球日报12/17 12:05

HashKey Falls Below IPO Price on First Day of Trading, 'The Eastern Coinbase' Not Yet Established

Odaily星球日报12/17 12:05

HashKey Holdings Officially Lists on the Main Board of The Stock Exchange of Hong Kong

HashKey Holdings Limited (Stock Code: 3887.HK), a mature integrated digital asset company in Asia, has officially listed on the Main Board of the Hong Kong Stock Exchange, becoming the first publicly listed digital asset company in Hong Kong. This marks a new development phase, strengthening its global presence and long-term strategy. At the listing ceremony, Dr. Xiao Feng, Chairman and CEO of HashKey, emphasized the company's commitment to compliance and its Hong Kong roots. He stated that HashKey will continue enhancing infrastructure capabilities, including security, custody, on-chain execution, and compliance, to build a world-leading digital asset services platform. The global offering attracted significant market attention, with nine cornerstone investors participating, including UBS AM Singapore, Fidelity, and CDH Investments. Since its establishment in 2018, HashKey has adhered to a compliance-first and technology-driven strategy, developing three core business areas: trading facilitation, on-chain services, and asset management. It aims to provide secure, reliable, and compliant digital asset market access for both retail and institutional clients. Looking ahead, under Hong Kong's policy framework promoting phased real-world asset tokenization and digital financial infrastructure development, HashKey will focus on steady growth and continuous innovation. It aims to improve the digital asset infrastructure system within regulatory frameworks, supporting Hong Kong's role as a key hub in the global digital asset landscape.

marsbit12/17 03:58

HashKey Holdings Officially Lists on the Main Board of The Stock Exchange of Hong Kong

marsbit12/17 03:58

HashKey Holdings Officially Lists on the Main Board of The Stock Exchange of Hong Kong

HashKey Holdings Limited (Stock Code: 3887.HK), a leading integrated digital asset company in Asia, has officially listed on the Main Board of the Hong Kong Stock Exchange. This marks the first IPO of a digital asset firm in Hong Kong, representing a significant milestone for both the company and the industry. Dr. Xiao Feng, Chairman and CEO of HashKey, emphasized the company’s commitment to compliance and its vision to build a world-class digital asset infrastructure platform, focusing on security, custody, on-chain execution, and regulatory alignment. The global offering attracted strong interest, with nine cornerstone investors participating, including UBS AM Singapore, Fidelity, and CDH Investments. Since its establishment in 2018, HashKey has operated with a compliance-first and technology-driven strategy, offering services across trading, on-chain solutions, and asset management. It aims to provide secure and regulated access to digital assets for both retail and institutional clients. Looking ahead, HashKey plans to support Hong Kong’s policy framework for tokenization of real-world assets and the development of digital financial infrastructure, reinforcing its role as a key player in the global digital asset ecosystem.

深潮12/17 03:35

HashKey Holdings Officially Lists on the Main Board of The Stock Exchange of Hong Kong

深潮12/17 03:35

"Asia's First Stock" HashKey Goes Public: A Decade of Dedication, Edge Emerging

"Asia's first crypto stock" HashKey has listed on the Hong Kong Stock Exchange, marking a milestone after a decade of strategic development. As of September 2025, the platform has facilitated HKD 1.3 trillion in cumulative spot trading volume, commanding over 75% market share among Hong Kong’s 11 licensed virtual asset trading platforms. HashKey’s success stems from its long-term compliance-first strategy, aligning closely with Hong Kong’s evolving regulatory landscape. While many platforms operated in regulatory grey areas, HashKey focused on building robust infrastructure, obtaining licenses, and adhering to strict anti-money laundering (AML), know-your-customer (KYC), and asset segregation requirements. The company capitalized on Hong Kong’s introduction of the Virtual Asset Service Provider (VASP) licensing regime in 2022, becoming one of the first fully regulated exchanges. The compliance-heavy model requires significant investment in technology, auditing, and risk management, resulting in higher operational costs and a longer path to profitability. However, it has positioned HashKey as a trusted gateway for institutional investors, offering services including staking, asset management, and real-world asset (RWA) tokenization. HashKey’s IPO symbolizes a broader industry transition from speculative trading to institutional participation and regulated financial infrastructure. It represents the rise of compliance as a core competitive advantage in the virtual asset sector and underscores Hong Kong’s strategic role in shaping Asia’s digital finance future.

深潮12/15 06:36

"Asia's First Stock" HashKey Goes Public: A Decade of Dedication, Edge Emerging

深潮12/15 06:36

HashKey IPO Oversubscribed 300 Times, Investors Betting on Its Era Positioning

HashKey, known as "Hong Kong's first licensed crypto asset stock" (Stock Code: 03887), concluded its IPO subscription on December 12, with its official listing scheduled for December 17. Despite concerns over continued significant financial losses—reporting an adjusted net loss of approximately HK$1.57 billion from 2022 to 2024—the public offering was oversubscribed by 301.6x, raising HK$506 billion in margin financing against an initial target of HK$1.67 billion. The company attributes its losses to high upfront investments in compliance, technology development, and ecosystem expansion, drawing parallels to Coinbase’s early growth trajectory. HashKey operates multiple business segments, including regulated exchange services (HashKey Exchange and HashKey Global), blockchain infrastructure (HashKey Chain), asset management (HashKey Capital), OTC services, and tokenization solutions. Its strategic value lies in being a bridge between traditional finance and Web3, positioning itself as a compliant gateway for institutional entry into Asian crypto markets. With backing from cornerstone investors like UBS, Fidelity, and CDH Investments, HashKey aims to strengthen Hong Kong’s ambition to become a "global virtual asset hub." While skeptics point to its financials and perceived inefficiencies, investor enthusiasm reflects confidence in HashKey’s regulatory compliance, institutional leadership in Asia, and its role in regional digital finance infrastructure. The IPO is seen less as a short-term profit play and more as a bet on Hong Kong’s—and Asia’s—future in the evolving crypto and Web3 landscape.

marsbit12/15 00:10

HashKey IPO Oversubscribed 300 Times, Investors Betting on Its Era Positioning

marsbit12/15 00:10

Weekly Preview | HASHKEY Expected to List on December 17; Coinbase Plans to Launch Prediction Markets and Tokenized Stocks

This week in crypto and finance features key events from December 15-20. On December 17, HashKey Group is set to list on the Hong Kong Stock Exchange, aiming to raise up to HK$1.67 billion. Also on the 17th, Coinbase is expected to launch prediction markets and tokenized stocks. Regulatory focus includes an SEC roundtable on financial regulation and privacy on the 15th. Major macroeconomic data includes the U.S. November CPI report on the 18th and the Bank of Japan's interest rate decision on the 19th, where a rate hike is widely anticipated. Significant token unlocks are scheduled: Starknet (STRK) and Sei (SEI) on the 15th, Arbitrum (ARB) on the 16th, and LayerZero (ZRO) and Lista DAO (LISTA) on the 20th. Other notable events include the gensyn AI protocol public sale, Synthetix returning to Ethereum mainnet, and the Jupiter (JUP) stablecoin, JupUSD, expected to launch.

marsbit12/14 11:41

Weekly Preview | HASHKEY Expected to List on December 17; Coinbase Plans to Launch Prediction Markets and Tokenized Stocks

marsbit12/14 11:41

Mars Daily | Pakistan Signs MoU with Binance to Explore Tokenization of Up to $2 Billion in Assets

Pakistan has signed a Memorandum of Understanding (MoU) with Binance to explore tokenizing up to $2 billion in sovereign bonds, treasury bills, and commodity reserves. The initiative aims to enhance liquidity and attract international investment. Additionally, Pakistani regulators have granted preliminary approval to Binance and HTX to begin local registration and prepare for full exchange licensing. In other news, an on-chain analyst reported that a major Bitcoin whale has increased its leveraged long positions to $540 million in ETH, with total long positions in BTC, ETH, and SOL exceeding $620 million. The whale is currently facing significant unrealized losses. Meanwhile, the Crypto Fear & Greed Index has dropped to 23, re-entering the "Extreme Fear" zone. In corporate developments, Coinbase is reportedly preparing to launch an internal prediction market, initially operated exclusively by Kalshi, and has added Lighter (LIGHTER) to its listing roadmap. Tether has made a binding all-cash offer to acquire a 65.4% stake in Juventus Football Club and plans to invest €1 billion in the club if the deal proceeds. Separately, Nasdaq has received expanded authority to reject IPO applications deemed at risk of market manipulation. Oracle shares fell after announcing a delay in its data center construction timeline, attributed to labor and material shortages.

marsbit12/13 01:33

Mars Daily | Pakistan Signs MoU with Binance to Explore Tokenization of Up to $2 Billion in Assets

marsbit12/13 01:33

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