AMTD Digital Inc. Announces Successful IPO Pricing with Pre-Greenshoe Market Cap of US$1.433 Billion | New

NEW YORK & SINGAPORE & HONG KONG–(BUSINESS WIRE)–July 15, 2022–

AMTD Digital Inc. (“AMTD Digital” or the “Company”), one of Asia’s most comprehensive one-stop digital solutions platforms, has announced the pricing for its initial public offering of 16,000,000 U.S. Depository Shares (“ADS”), each five ADS representing two ordinary shares of Class A shares of the Company, at a public price 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 subscribers an over-allotment option, exercisable within 30 days from the date of the final prospectus, to purchase up to a total of 2,400,000 additional ADSs at the public offering price, less discounts and commissions subscription. The Company raised aggregate gross proceeds of US$124.8 million in the IPO, assuming the IPO underwriters 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 symbol “HKD”, with a pre-greenshoe market capitalization of US$1.443 billion. The IPO represents AMTD Group Company Limited’s second unicorn to successfully list on the NYSE, following the successful listing of AMTD IDEA Group (formerly known as “AMTD International Inc.”) in 2019, being the first Hong Kong local 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 underwriters to the offering.

A registration statement relating to the offering has been filed with and declared effective by the United States Securities and Exchange Commission. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, and there will be no sale of such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or territory.

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 emailing ibd.project.genesis3@amtdglobalmarkets.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 pursuant to 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”, “s ‘expects’, ‘anticipates’, ‘aims’, ‘future’, ‘intends’, ‘plans’, ‘believes’, ‘estimates’, ‘is likely to’ and similar statements. Among other things, quotes in this announcement contain forward-looking statements. AMTD Digital may also make written or oral forward-looking statements in its periodic reports to the United States 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 statements, including, but not limited to, the following: AMTD Digital’s strategies; the future business development, financial condition and results of operations of AMTD Digital; AMDD Digital’s ability to maintain its relationship with key strategic investors; its ability to facilitate used consumer electronics transactions and provide relevant services; its ability to maintain and improve its brand recognition and reputation; general economic and business conditions globally and in Hong Kong and Mainland China and assumptions underlying or relating 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 undertakes no obligation to update any forward-looking statements except as required by applicable law.

Show source version on businesswire.com:https://www.businesswire.com/news/home/20220715005260/en/

CONTACT: Investor Relations Contact

IR office

AMDD Digital Inc.

TEL: +852 3163-3389

EMAIL: ir@amtdigital.com

KEYWORD: NORTH AMERICA UNITED STATES ASIA PACIFIC HONG KONG SINGAPORE NEW YORK

INDUSTRY KEYWORD: TECHNOLOGY NETWORK DATA MANAGEMENT

SOURCE: AMTD Digital Inc.

Copyright BusinessWire 2022.

PUBLISHED: 07/15/2022 08:17 AM/DISC: 07/15/2022 08:17 AM

http://www.businesswire.com/news/home/20220715005260/en

About Barbara J. Ross

Check Also

Crown Electrokinetics CEO Updates Shareholders on Recent Public Offering, Debt Financing and Transition to Customer Acquisition

Enter Wall Street with StreetInsider Premium. Claim your one week free trial here. Los Angeles, …