Last updated 18:35:04
HK$6.56
-1.80%
- Listing price
- HK$6.68
- Open
- —
- High
- —
- Low
- —
- Bid / Ask
- — / —
- Volume
- —
Turnover —View source
HASHKEY HLDGS
03887Listed金融服務 · 一家提供数字资产交易、链上服务及资产管理的综合数字资产公司。
HASHKEY HLDGS (03887) is a listed Hong Kong IPO. This page brings together the offer price, entry fee, subscription timeline, grey-market context, allotment data and stage-based reference research in one place.
- Offer price
- HK$6.68
- Final offer price
- HK$6.68
- One-lot win rate
- 10.0%
- Proceeds
- HK$1.61B
- Public oversub.
- 393.7x
Predicted 6.7%
Lot / entry fee 400 shares · HK$3K · Sponsor J.P. Morgan / Guotai Junan
- Offer starts Dec 9
- /Offer closes Dec 12
- /Grey market Dec 16
- /Listing Dec 17Now
SubscriptionHASHKEY HLDGS: subscription-stage reference
The subscription stage draws on the prospectus, sponsor record and early public filings. Allotment results and grey-market prints have not occurred yet.
Earlier stage- Reference rating
- Neutral
- Reference score
- 70.1
- Forecast grey range
- 0.0% – +96.7%
Pre-greyHASHKEY HLDGS: pre-grey-market reference
The pre-grey stage includes published allotment and public oversubscription data. Grey-market prints are not yet reflected here.
Earlier stage- Reference rating
- Neutral
- Reference score
- 73.1
- Forecast grey range
- 0.0% – +93.4%
Post-greyHASHKEY HLDGS: post-grey-market reference
The post-grey stage includes grey-market price and turnover observations. Listing-day results still follow official trading and company announcements.
Current- Reference rating
- Neutral
- Reference score
- 65.7
- Forecast first-day range
- -23.9% – +12.4%
View factors and research
Model forecastListing-day trendNeutral watchUp probability 55.0%
Published outcome check
First-day resultFlat-0.1%
Our call: Neutral watch
Covered 19/25 core factors
UsedMissingNot yet scorableN/A
Margin oversubscription
High heatOffer size
Weaker qualityCornerstone lockup
Strong supportPost-lockup offer value
Medium scarcityRecent same-rule trend
Poor trendRecent same-type trend
Strong trendRecent sector trend
—Valuation
Weak appealFundamental quality
Average qualityGrowth quality
High qualityProfitability
Weak qualityCash runway
High qualityCustomer concentration
—Cornerstone quality
Strong supportSponsor record
Strong recordGreenshoe arrangementGreenshoe: yes · 15%
Average supportStabilizer track record
—A-share pre-grey trend
—A-share listing-day trend
—Public oversubscription
High heatOne-lot win rate
Medium heatInternational placing
High heatFinal pricing position
—Actual greenshoe useCumulative use +100.0%
Low supportGrey market return
Poor trendThe assessment and probability ranges are informational only and are not investment advice.
AI Research Report
Post-greyThe analysis report for this IPO is being generated.
HASHKEY HLDGS: grey-market trend
HASHKEY HLDGS: predicted allotment
Only key tiers are shown here. Full tiers and other allotment-pattern comparisons are on the allotment-odds page.
- 1 lot
- 6.7%
- A tail · Apply 1,750 lots
- 1.68 lots
- B head · Apply 2,000 lots
- 2.74 lots
- Top hammer
- 41.14 lots
Official 10.0%
Official 2.17 lots
Official 5 lots
Official 30 lots
Most likely allotment pattern：Larger Pool A applications get less extra allotment；Pool B allotment is similar across tiersView full allotment-odds research
How to read this page
These answers combine this IPO’s published figures with clearly labeled model estimates. They explain how to read the modules above and are not investment advice.
What is the one-lot allotment rate for HASHKEY HLDGS?
Public allotment filings put the official one-lot rate at 10.0%, versus this site's pre-allotment model estimate of 6.7%. It is an observation for a 1-lot application, not a guaranteed result.
What is the difference between A-tail and B-head for HASHKEY HLDGS?
Based on the prospectus's legal application tiers, A-tail is 1,750 lots and B-head is 2,000 lots, representing about HK$4.7M and HK$5.3M of application principal. Official average allotment was 2.17 lots and 5 lots, versus pre-allotment model estimates of 1.68 lots and 2.74 lots. Pool A and Pool B are allocated separately, so application size alone does not show capital efficiency.
Can the grey-market price of HASHKEY HLDGS be treated as the listing price?
The compiled grey-market observation is about -0.9%, versus -0.1% on the listing day. Grey-market prints are pre-listing sentiment from public sources, not the official opening price.
Why does HASHKEY HLDGS have three reference ratings?
The current status is "Listed", so start with the post-grey section. Subscription, pre-grey and post-grey each use only the public information available at that point, so the score can change. Labels are high attention / neutral / caution only — informational comparison, not a buy or subscribe call.