WITHIN 2 weeks of listing on the New York Stock Exchange (NYSE), AMTD Digital shares rocketed to a peak of US$1,679 on Aug 2 – by an astounding 21,425.6 per cent — since its initial public offer (IPO) on Jul 16. While the share price has since fallen to US$212, it still is 1,207.8 per cent higher than its IPO price of US$7.80.

The meteoric rise of AMTD Digital has had a much less significant impact on its parent company AMTD Idea (previously known as AMTD International).

Despite holding an 88.7 per cent stake in AMTD Digital, AMTD Idea’s share price gains were limited to a spike of 237 per cent on Aug 2, when it closed at US$7. The US-listed counter has since given up nearly all its gains and closed at US$2.36 on Aug 9 – down 25.5 per cent this year.