AMTD Digital shares more than doubled on its debut trading day on the New York Stock Exchange.

On July 15, AMTD Digital closed at US$16.21, versus its IPO offering price of US$7.80.

AMTD Digital raised some US$124.8 million from selling 16 million shares for this listing, which was in the works for at least a year.

AMTD Digital is a subsidiary of AMTD Idea, which is listed on New York and has a dual-listing in Singapore.

AMTD Idea, which changed its name from AMTD International on June 1, in turn, is a subsidiary of Hong Kong based AMTD Group, headed by Calvin Choi.

AMTD Digital is described as “one of the most comprehensive one-stop digital solutions platforms in Asia.” The AMTD Group is active in various business activities ranging from corporate finance to investing in fintech startups to taking stakes in property assets.

<span class='see_also_inread'><b>See also: <a class='gtm_see_also_1_inread' style='text-decoration: underline;' href='/news/ipo/sgx-ipos-see-year-end-pick-sheffield-green-winking-studios-lodging-prospectuses?utm_source=website&utm_medium=article&utm_campaign=ONPAGESEO'>SGX IPOs to see year end pick up with Sheffield Green, Winking Studios lodging prospectuses</a></b></span>

With the listing of AMTD Digital, AMTD Idea continues to be the dominant shareholder with a stake of 88.7%.

AMTD Idea shares quoted on SGX last traded at $12.80; its US-quoted ADRs last traded at US$1.12.

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