The news about Hong Kong-compliant exchange Hashkey going public was officially disclosed this morning. Aside from the shocking loss of HK$1.19 billion last year, the company officially admitted for the first time that its issued HSK token has dragged down overall business performance due to related operating costs and expenses. In the first half of this year, Hashkey reported a loss of HK$507 million, with no signs of slowing down. According to off-the-record sources, Hashkey's valuation might be around $2 billion, which is lower than the $15 billion valuation planned for South Korea's Upbit in the future.