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Benzinga
Benzinga
Business
The Bamboo Works

After Ho-Hum Pricing, AMTD Digital Storms Out of the Gate in U.S. Trading Debut

AMTD Digital China IPO fintech Hong Kong New York NYSE Xiaomi

Key Takeaways:

  • Hong Kong-based AMTD Digital Raised About $125 million in a New York IPO, becoming the largest New York listing by a Chinese company this year
  • The company, which is backed by Hong Kong billionaire Li Ka-shing, is suffering from slowing revenue growth, but boasts higher margins than other fintech stocks
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