Loop Capital Markets Participates as Joint Bookrunner on Initial Public Offering of AMTD International, Inc.

On August 5th, 2019, Loop Capital Markets served as a bookrunner on the initial public offering of Hong Kong-based financial institution, AMTD International. Operating a full-service platform which includes investment banking, asset management, and strategic investment business lines, AMTD International is the No. 1 independent investment banking firm in Asia and the largest independent asset management firm in Asia for PRC regional banks and new economy companies. The Company raised $173.97 million by offering 20.76 million American depositary shares (“ADSs”) at $8.38 per ADS and granted the underwriters an option to purchase up to an additional 3.11 million ADSs to cover over-allotments. The company is listed on the NYSE under ticker – HKIB.

AMTD International intends to use the net proceeds of the offering for business and infrastructure expansion, acquisitions and investments in complementary businesses, and general corporate purposes.

Read the full release from AMTD here.