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Chinese fintech AMTD Digital prices US IPO at $7.80, within the range

July 15, 2022

AMTD Digital, a digital financial services provider being spun out of AMTD, raised $125 million by offering 16 million ADSs at $7.80, within the range of $6.80 to $8.20.

AMTD Digital states that it is the "fusion reactor" at the core of the AMTD SpiderNet ecosystem, operating a comprehensive digital solutions platforms in Asia. Its businesses span digital financial services; SpiderNet ecosystem solutions; digital media, content, and marketing; and digital investments. The company generates revenue primarily from fees and commissions from its digital financial services and SpiderNet ecosystem solutions businesses.

AMTD Digital plans to list on the NYSE under the symbol HKD. AMTD Global Markets acted as sole bookrunner on the deal.