NEW YORK & HONG KONG--(BUSINESS WIRE)--The American depositary shares (“ADSs”) of AMTD International, Inc. (“AMTD” or the “Company”), a premier Hong Kong-headquartered financial institution, Asia’s No. 1 independent investment banking firm1 and the largest independent asset management firm in Asia for PRC regional banks and new economy companies2, began trading today on the New York Stock Exchange (“NYSE”) under the ticker symbol “HKIB”. AMTD is the first Hong Kong “home-grown” company to list on the NYSE, and also the first Asian independent investment bank to be listed in the U.S.
AMTD offers a comprehensive one-stop financial service solutions strategy that serves as a vehicle to efficiently and effectively address clients’ complex and interconnected financial needs. Leveraging its deep roots in Asia and its network – the “AMTD SpiderNet” – the Company is uniquely positioned as an active super-connector for its clients with global capital markets.
In honor of the historic occasion, chairman and chief executive officer Calvin Choi, joined by several of the Company’s investors and clients and members of AMTD’s leadership team, rang the ceremonial opening bell of the NYSE.
“Today is an important milestone in AMTD’s growth as we continue to leverage our deep relationships, industry knowledge and experience to connect Asian clients to the global capital markets,” said Choi. “This IPO will help us accelerate our strategy to expand into key global financial centers, diversify our business and further enhance the unique ‘AMTD SpiderNet’ ecosystem of clients, business partners and investee companies.”
“We’re very pleased to welcome AMTD to the NYSE’s community of the world’s leading companies,” said Betty Liu, Executive Vice Chairman of the New York Stock Exchange. “We congratulate the AMTD team on its IPO, and are proud to celebrate this exciting next chapter for the Company and its shareholders.”
The Company intends to utilize the net proceeds from this offering to invest in AMTD’s business and infrastructure expansion, fund potential acquisitions and investments, and use the remainder for general corporate purposes.
About AMTD International, Inc.
AMTD International Inc. (NYSE:HKIB), a subsidiary of AMTD Group, is a premier Hong Kong-headquartered financial institution, Asia’s No. 1 independent investment banking firm1 and largest independent asset management firm in Asia for PRC regional banks and new economy companies2, connecting companies and investors from Hong Kong and China with global capital markets. Its comprehensive one-stop financial service solutions strategy addresses clients’ complex and inter-connected financial needs across all phases of their life-cycle. Leveraging its deep roots in Asia and its network – the AMTD “SpiderNet” – the Company is uniquely positioned as an active super-connector between clients, business partners, investee companies and investors. For more information, please visit www.amtdinc.com or follow us on Twitter at “@AMTDGroup”.
Safe Harbor Statement
This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. Statements that are not historical facts, including statements about AMTD’s beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in AMTD’s filings with the SEC. All information provided in this press release is as of the date of this press release, and AMTD does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
1 As measured by both the number and the aggregate offering size of Hong Kong and U.S. IPOs completed in each of 2018 and the first quarter of 2019
2 As measured by AUM as of March 31, 2019