Amtd Idea Group

Amtd Idea Group (HKIB) priced its initial public offering on Aug 5, 2019 at $8.38 per share, and listed on NYSE. At the IPO price its market capitalization was about $1.93B. Loop Capital was lead-left underwriter, joined by US Tiger, ViewTrade and Boustead. Skadden, Arps, Appleby and Justin Chow & Co. Solicitors advised the company and Kirkland & Ellis advised the underwriters.

AMTD IDEA Group is a financial institution headquartered in Hong Kong, active in investment banking and asset management. It serves clients in Hong Kong and China, including PRC regional banks and new economy companies, and connects them with global capital markets.

Status

IPO

Ticker

HKIB

Exchange

NYSE

Priced

Aug 5, 2019

IPO price

$8.38

Market cap at IPO price

$1.93B

First filed

Jun 20, 2019

Underwriters

Loop Capital, US Tiger, ViewTrade and Boustead

Company counsel

Skadden, Arps, Appleby and Justin Chow & Co. Solicitors

Underwriters' counsel

Kirkland & Ellis

Sector

Financials

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.