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AMTD Digital Inc.: Thank you note to investors and our response to our latest ADS price performance
Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
AMTD Digital Inc. (NYSE: HKD) successfully completed its IPO, offering 16 million American depositary shares (ADSs) at US$7.80 each. The IPO has seen significant volatility in ADS prices, and the company is monitoring the market for unusual trading activity. AMTD Digital operates as a comprehensive digital solutions platform in Asia, focusing on digital financial services, ecosystem solutions, media, and investments. The underwriters have a green-shoe option for an additional 2.4 million ADSs, allowing for potential stabilization in the trading of its shares.
Positive
Successful IPO with 16,000,000 ADSs priced at US$7.80 each.
Potential for share price stabilization due to green-shoe option for 2,400,000 additional ADSs.
Negative
Significant volatility observed in ADS prices since the IPO.
Ongoing monitoring due to unusual trading activities.
NEW YORK & SINGAPORE & HONG KONG--(BUSINESS WIRE)--
AMTD Digital Inc. (“AMTD Digital” or the “Company”) (NYSE: HKD), a comprehensive one-stop digital solutions platform headquartered in Asia, and a subsidiary of AMTD IDEA Group (NYSE: AMTD; SGX: HKB), expressed its appreciation of support from the investor community for the successful completion of its initial public offering (“IPO”) of 16,000,000 American depositary shares ("ADSs") at a price of US$7.80 per ADS. The Company’s ADS trading in NYSE is still undergoing our initial stabilisation period whereby the underwriters have been granted a green-shoe option, exercisable within 30 days from the date of the final prospectus, to purchase up to an aggregate of 2,400,000 additional ADSs at the public offering price, less underwriting discounts and commissions.
During the period since our initial public offering, the Company noted significant volatility in our ADS price and, also observed some very active trading volume. To our knowledge, there are no material circumstances, events nor other matters relating to our Company’s business and operating activities since the IPO date. The Company is also monitoring the market closely for any unusual trading activities or abnormalities, and would continue to maintain our communication channel wide-open to the public through our Investor Relations Office (contact number: +852 3163-3389; EMAIL: ir@amtdigital.com).
About AMTD Digital Inc.
AMTD Digital Inc. is one of the most comprehensive digital solutions platforms in Asia. The Company’s one-stop digital solutions platform operates four main business lines including digital financial services, SpiderNet ecosystem solutions, digital media, content and marketing, as well as digital investments. It is the fusion reactor at the core of the AMTD SpiderNet ecosystem and empowers and integrates the various digital businesses within its ecosystem.
Safe Harbor Statement
This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
