NEW YORK & SINGAPORE & HONG KONG–(BUSINESS WIRE)–AMTD Digital Inc. (“AMTD Digital” or the “Company”) (NYSE: HKD), an Asia-based comprehensive one-stop digital solutions platform , and an affiliate of AMTD IDEA Group (NYSE: AMTD; SGX: HKB), expressed its appreciation for the support of the investment community for the successful completion of its initial public offering (“IPO”) of 16,000,000 American Depositary Shares (“ADS”) at a price of $7.80 per ADS. The Company’s ADSs trading on NYSE are still undergoing an initial stabilization period during which subscribers have been granted a green overshoe option, exercisable within 30 days from the date of the final prospectus, to purchase up to to a total of 2,400,000 additional ADSs at the public offering price, less discounts and underwriting fees.
In the period since our IPO, the Company has seen significant volatility in the price of our ADSs and has also seen very active trading volume. To our knowledge, there have been no material circumstances, events or other matters relating to the business and operational activities of our Company since the date of the IPO. The Company is also closely monitoring the market for any unusual trading activity or anomalies, and would continue to keep our communication channel wide open to the public through our Investor Relations Office (contact number: +852 3163-3389; EMAIL: ir @amtdigital.com).
About AMDD 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 areas, including digital financial services, SpiderNet ecosystem solutions, digital media, content and marketing, and digital investments. . It is the fusion reactor at the heart of the AMDD 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 under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements may be identified by terms such as “will ‘, ‘expects’, ‘anticipates’, ‘aims’, ‘future’, ‘intends’, ‘plans’, ‘believes’, ‘estimates’, ‘is 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 undertakes no obligation to update any forward-looking statements except as required by applicable law.
AMDD Digital Inc.
TEL: +852 3163-3389
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