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AMTD Digital's stock cheered on NYSE debut, to trade more than double the IPO price

·1 min read
AMTD Digital's stock cheered on NYSE debut, to trade more than double the IPO price

The newly minted U.S.-listed shares of AMTD Digital Inc. soared out of the gate in volatile trading Friday, after the Hong Kong-based digital platforms and controlled subsidiary of AMTD IDEA Group raised $124.8 million through its initial public offering. The company said Friday that it sold 16.0 million American depositary shares (ADS) at $7.80 per ADS, which gave AMTD Digital a market capitalization of $1.44 billion. The ADS were listed on the NYSE under the ticker symbol "HKD." The stock's fi