AMTD Digital Inc. Announces Successful Pricing of Initial Public Offering with a Pre-Greenshoe Market Capitalization of US$1.433 billion
15 Juli 2022 - 2:17PM
Business Wire
AMTD Digital Inc. (“AMTD Digital” or the “Company”), one of the
most comprehensive one-stop digital solutions platforms in Asia,
announced the pricing of its initial public offering of 16,000,000
American depositary shares (“ADSs”), every five ADSs representing
two Class A ordinary shares of the Company, at a price to the
public of US$7.80 per ADS, which is above the midpoint of the
previously disclosed price range. The offering is expected to close
on or about July 19, 2022, subject to the satisfaction of customary
closing conditions. The Company has 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. The Company raised total gross proceeds
of US$124.8 million in the initial public offering, assuming the
underwriters of the initial public offering do not exercise their
option to purchase additional ADSs.
The ADSs are expected to begin trading on the New York Stock
Exchange on July 15, 2022, under the ticker symbol “HKD,” with a
pre-greenshoe market capitalization of US$1.443 billion. The IPO
represents the second unicorn under AMTD Group Company Limited to
be successfully listed on NYSE, subsequent to the successful
listing of AMTD IDEA Group (formerly known as “AMTD International
Inc.”) in 2019 being the first Hong Kong home-grown unicorn to
successfully list on NYSE at that time.
AMTD Global Markets Limited, Livermore Holdings Limited, Eddid
Securities and Futures Ltd. and Eddid Securities USA Inc. are
acting as the underwriters of the offering.
A registration statement relating to the offering has been filed
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, 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.
The offering is being made only by means of a prospectus forming
part of the effective registration statement. A copy of the final
prospectus relating to the offering, when available, may be
obtained by contacting the following underwriter: AMTD Global
Markets Limited, Attention: Capital Market Department, 23/F Nexxus
Building, 41 Connaught Road Central, Hong Kong, or by calling +852
3163-3288, or by email at
ibd.project.genesis3@amtdglobalmarkets.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 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. Among other things, quotations in this
announcement, contain forward-looking statements. AMTD Digital may
also make written or oral forward-looking statements in its
periodic reports to the U.S. Securities and Exchange Commission
(the “SEC”), in its annual report to shareholders, in press
releases and other written materials and in oral statements made by
its officers, directors or employees to third parties. Statements
that are not historical facts, including statements about AMTD
Digital’s beliefs, plans, and expectations, are forward-looking
statements. Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: AMTD
Digital’s strategies; AMTD Digital’s future business development,
financial condition and results of operations; AMTD Digital’s
ability to maintain its relationship with major strategic
investors; its ability to provide facilitate pre-owned consumer
electronics transactions and provide relevant services; its ability
to maintain and enhance the recognition and reputation of its
brand; general economic and business conditions globally and in
Hong Kong and Mainland China and assumptions underlying or related
to any of the foregoing. Further information regarding these and
other risks is included in AMTD Digital’s filings with the SEC. All
information provided in this press release is as of the date of
this press release, and AMTD Digital does not undertake any
obligation to update any forward-looking statement, except as
required under applicable law.
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Investor Relations Contact IR Office AMTD Digital Inc.
TEL: +852 3163-3389 EMAIL: ir@amtdigital.com
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