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$HKD AMTD Digital Inc. Greatest IPO Ever?
Who doesn't love a good mystery? Especially when it is in a field you're passionate about.

AMTD Digital was listed on the NYSE on July 15 at around $7.80 a share. Current price: $1,679 a share!

This is a Chinese company with $25.1M in revenue in 2021 that markets itself as the digital one-stop shop for all your digital needs.


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AMTD has a current market cap of over $139B (B stands for billion not million). That is greater than $PYPL by more than $30M.

PayPal's revenue in 2021 $25,371M

AMTD's revenue in 2021 $25M

Mystery
The mystery is how on earth did this happen!? It was even trading higher than $WMT at one point yesterday. To add to the mystery the trading volume has been relatively low for the gigantic moves this stock has seen in the past few days.

After doing some deep dives (I read about three articles), I couldn't learn a single thing about why this has happened. The company's own CEO has no idea as well. No news to break, no new updates, they seem puzzled by this. They did say they noticed some "active trading" around their stock. What on earth do they mean by active trading?

Please let me know in the comments below if you have ANY idea what is going on here. I will even take the best guess at this point.

Looking forward to solving this mystery!

P.S. stock is up 2% pre-market...I wouldn't buy this stock in a billion years at this price. Please don't speculate on this one!

Conor's avatar
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