AMTD IDEA Group Announces Successful Pricing of Initial Public Offering of its Subsidiary AMTD Digital Inc., with a Pre-Greenshoe Market Capitalization of US$1.433 billion
July 15 2022 - 8:08AM
Business Wire
AMTD IDEA Group (“AMTD IDEA Group” or the “Company”) (NYSE:
AMTD; SGX: HKB), a subsidiary of AMTD Group Company Limited (“AMTD
Group”) and a leading platform for comprehensive financial services
and digital solutions, today announced that its controlled
subsidiary AMTD Digital Inc. (“AMTD Digital”), one of the most
comprehensive one-stop digital solutions platforms in Asia,
successfully priced its initial public offering of 16,000,000
American depositary shares (“ADSs”), every five ADSs representing
two Class A ordinary shares of AMTD Digital, at a price to the
public of US$7.80 per ADS.
The IPO of AMTD Digital represents the second unicorn under AMTD
Group to be successfully listed on NYSE, subsequent to the
successful listing of the Company in 2019 being the first Hong Kong
home-grown unicorn to successfully list on NYSE at that time.
The ADSs are expected to begin trading on the New York Stock
Exchange on July 15, 2022, under the ticker symbol “HKD”. The
offering is expected to close on or about July 19, 2022, subject to
the satisfaction of customary closing conditions. AMTD Digital has
also granted the underwriters a greenshoe 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.
Assuming the underwriters of the initial public offering do not
exercise their option to purchase additional ADSs, (i) AMTD Digital
raised total gross proceeds of US$124.8 million in the initial
public offering, and (ii) AMTD IDEA Group is expected to own 88.7%
of the issued and outstanding shares, and 99.4% of the total voting
power in AMTD Digital immediately following the completion of the
initial public offering.
A registration statement relating to the offering has been filed
by AMTD Digital with, and declared effective by, the U.S.
Securities and Exchange Commission. This press release shall not
constitute an offer to sell or a solicitation of an offer to buy
the securities of AMTD Digital, nor shall there be any sale of
these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
About AMTD IDEA Group
AMTD IDEA Group, formerly known as AMTD International Inc.
(NYSE: AMTD; SGX: HKB), represents a premier Asian financial
institution and digital solutions group connecting companies and
investors from Asia, including China and Hong Kong as well as the
ASEAN markets with global capital markets. Its comprehensive
one-stop financial services plus digital solutions platform
addresses different clients’ diverse and inter-connected financial
needs and digital requirements across all phases of their life
cycles. Leveraging its deep roots in Asia and its unique ecosystem
— the “AMTD SpiderNet” — the Company is uniquely positioned as an
active super-connector between clients, business partners, investee
companies, and investors, connecting the East and the West. For
more information, please visit www.amtdinc.com or follow us on
Twitter at “@AMTDGroup.” For the Company’s announcements, please
visit https://ir.amtdinc.com/news.
Safe Harbour Statement
This press release contains statements that may constitute
“forward-looking” statements pursuant to the “safe harbour”
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.
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IR Office AMTD IDEA Group TEL: +852 3163-3389 EMAIL:
ir@amtdinc.com
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