Al Tamimi & Company Advised HashKey Holdings On Hong Kong’s First Crypto-Native IPO
Al Tamimi & Company advised HashKey Holdings on Hong Kong’s first crypto-native IPO
The largest law firm in the Middle East and North Africa (MENA) region, Al Tamimi & Company advised HashKey Holdings (“HashKey”) as UAE counsel on its historic Hong Kong IPO, marking the city’s first-ever listing by a fully crypto-native digital asset company. The IPO raised HK$1.61 billion, achieving a 5.5x institutional oversubscription and a 394x retail oversubscription.
Al Tamimi & Company’s Capital Markets team acted as UAE counsel to HashKey, with Davis Polk & Wardwell LLP acting as the issuer’s counsel and Simpson Thacher & Bartlett LLP acting as counsel to the sponsors and underwriters.
This transaction adds to a strong year for Al Tamimi in cross-border capital markets, alongside other major overseas IPOs: China Medical System Holdings Ltd (Singapore) and Klarna Bank AB (US).
The Al Tamimi & Company matter was led by Andrew Tarbuck (Partner), Alyzeh Zahid (Associate), and Jingzhuo Wu (Associate).
Al Tamimi and Company is the leading full-service law firm in the UAE and MENA region, with 17 offices across 10 countries. Since 1989, the firm has delivered innovative, cost-effective legal solutions to address complex business challenges. The team of 580+ legal professionals combines deep expertise with practical insights, offering commercially focused advice that drives client success. With a commitment to diversity and inclusion, the firm fosters a dynamic environment that attracts top talent and empowers it to deliver outstanding results across industries.
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