Who owns AMTD digital?

AMTD Digital was founded in 2019 by Calvin Choi, a former UBS investment banker. The firm is owned by AMTD Idea which holds 88.7% of its shares and is ultimately owned by the AMTD Group, a financial services group. Choi is also the chairman of the AMTD Group.

Why did AMTD digital stock surge?

The price of AMTD Digital for its listing on July 15 was $7.80 per share and by August 2, the price had peaked at $1,679, which was an increase of 21,000% since listing. The causes of the stock surge remains unknown.

When did AMTD IPO?

On July 15, 2022, the firm held an IPO on the New York Stock Exchange with a price of $7.80 and ticker symbol "HKD". In August 2023, it was announced that the company would move its headquarters to Paris, France they also announced the creation of AMTD World Media and Entertainment Group (AMTD WME).

How many shares does AMTD (HKD) have?

The company has about 185M shares outstanding, but a relatively low share float--the number of shares that the public can buy and sell on a daily basis--of just 19M shares. That situation sets AMTD ( HKD) shares up for wild price swings and manipulation from traders.