AMTD debuts dual-class shares on SGX, stock surges

SGX Singapore Stock Exchange_230px
By Jonathan Breen
09 Apr 2020

US-listed AMTD International floated on the Singapore Exchange this week, debuting dual-class shares on the southeast Asian bourse through a secondary offering.

The Hong Kong-headquartered independent investment bank has an equity structure comprising two types of shares, one with superior voting rights, known as weighted voting rights (WVRs), and other being common shares. 

The bank, a subsidiary of AMTD Group, listed on the SGX on Wednesday, opening at S$13.95 ($9.79) ...

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