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.
A Link to AMTD's newswire is: https://www.businesswire.com/news/home/20190804005052/en/AMTD-International-Announces-Pricing-Initial-Public-Offering