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AMTD Digital files for U.S. IPO, applies to list ADSs on NYSE under ticker 'HKD' » 14:41
05/20/21
05/20
14:41
05/20/21
14:41
HKD

AMTD Digital

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AMTD Digital filed with…

AMTD Digital filed with the SEC for an initial public offering of American depositary shares, or ADSs, linked to its Class A ordinary shares. The company said it intends to apply for listing the ADSs on the New York Stock Exchange under the ticker symbol "HKD." The company said in the filing: "As the fusion reactor at the core of the AMTD SpiderNet ecosystem, we are one of the most comprehensive digital solutions platforms in Asia with businesses spanning multiple verticals, including digital financial services, SpiderNet ecosystem solutions, digital media, content, and marketing, and digital investments... We invest directly in various innovative technology companies to leverage, enhance and enrich the AMTD SpiderNet ecosystem by including them into our ecosystem... We generate revenue primarily from fees and commissions from our digital financial services business and SpiderNet ecosystem solutions business during the fiscal years ended April 30, 2019 and 2020, and the nine months ended January 31, 2021. We have achieved tremendous growth since the launch of our SpiderNet ecosystem solutions business in December 2017 as a result of the continued expansion and monetization of AMTD SpiderNet ecosystem. Our revenue increased significantly from HK$14.6M for the fiscal year ended April 30, 2019 to HK$167.5M, or $21.6M, for the fiscal year ended April 30, 2020, and from HK$133.3M for the nine months ended January 31, 2020 to HK$145.5M, or $18.8M, for the nine months ended January 31, 2021. Our net profit increased significantly from HK$21.5M for the fiscal year ended April 30, 2019 to HK$158.3M, or $20.4M, for the fiscal year ended April 30, 2020, and from HK$91.7M for the nine months ended January 31, 2020 to HK$109.9M, or $14.2M, for the nine months ended January 31, 2021."

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