According to @business, Zijin Gold is seeking to raise HK$25 billion (about $3.2 billion) via a Hong Kong IPO [Source: Bloomberg (@business), Sep 18, 2025]. Bloomberg (@business) reported the offering would be the world's biggest IPO since May, underscoring its relative size in the global equity issuance calendar [Source: Bloomberg (@business), Sep 18, 2025]. Bloomberg (@business) did not cite any direct cryptocurrency or token market linkage, indicating the update is focused on Hong Kong equity financing rather than digital assets [Source: Bloomberg (@business), Sep 18, 2025].