AMTD debuts high after sealing $174m US IPO

Jonathan Breen

August 06, 2019 07:45 am

NYSE_stocks__PA_230x150 — (190712) -- NEW YORK, July 12, 2019 (Xinhua) -- Electronic screen shows the closing numbers at the New York Stock Exchange in New York, the United States, July 11, 2019. U.S. stocks ended mixed on Thursday, as investors digested a batch of key data. The market also continued to be encouraged by greater hopes for future rate cuts following the U.S. Federal Reserve chairman's monetary policy testimony. The Dow Jones Industrial Average was up 227.88 points, or 0.85 percent, to 27,088.08. The S&P 500 rose 6.84 points, or 0.23 percent, to 2,999.91. The Nasdaq Composite Index dropped 6.49 points, or 0.08 percent, to 8,196.04. (Xinhua/Wang Ying) | Wang Ying/Xinhua News Agency/PA Images

Hong Kong-based AMTD International's stock surged by over 20% on its debut on the New York Stock Exchange, after the IPO was priced above the mid-point of guidance.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request demo or Login

✔ 4,000 annual insights
✔ 700+ notes and long-form analyses
✔ 4 capital markets databases
✔ Daily newsletters across markets and asset classes
✔ 2 weekly podcasts

Topics

Equity IPOs Equity Americas Hong Kong SAR Asia Greater China Northeast Asia Asia Pacific United States Emerging Markets North America

JB

Jonathan Breen

Equities editor GlobalCapital Asia