AMTD Digital Inc. Announces Successful Pricing of Initial Public Offering with a Pre-Greenshoe Market Capitalization of US$1.433 billion

NEW YORK & SINGAPORE &HONG KONG–(BUSINESS WIRE)–AMTD Digital Inc. (�AMTD Digital” or the “Company”), one of the most comprehensive one-stop digital solutions platforms in Asia, announced the pricing of its initial public offering of 16,000,000 American depositary shares (“ADSs”), every five ADSs representing two Class A ordinary shares of the Company, at a price to the public of US$7.80 per ADS, which is above the midpoint of the previously disclosed price range. The offering is expected to close on or about July 19, 2022, subject to the satisfaction of customary closing conditions. The Company has granted the underwriters a greenshoe option, exercisable within 30 days from the date of the final prospectus, to purchase up to an aggregate of 2,400,000 additional ADSs at the public offering price, less underwriting discounts and commissions. The Company raised total gross proceeds of US$124.8 million in the initial public offering, assuming the underwriters of the initial public offering do not exercise their option to purchase additional ADSs.

The ADSs are expected to begin trading on the New York Stock Exchange on July 15, 2022, under the ticker symbol “HKD,” with a pre-greenshoe market capitalization of US$1.443 billion. The IPO represents the second unicorn under AMTD Group Company Limited to be successfully listed on NYSE, subsequent to the successful listing of AMTD IDEA Group (formerly known as “AMTD International Inc.”) in 2019 being the first Hong Kong home-grown unicorn to successfully list on NYSE at that time.

AMTD Global Markets Limited, Livermore Holdings Limited, Eddid Securities and Futures Ltd. and Eddid Securities USA Inc. are acting as the underwriters of the offering.

A registration statement relating to the offering has been filed with, and declared effective by, the U.S. Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering is being made only by means of a prospectus forming part of the effective registration statement. A copy of the final prospectus relating to the offering, when available, may be obtained by contacting the following underwriter: AMTD Global Markets Limited, Attention: Capital Market Department, 23/F Nexxus Building, 41 Connaught Road Central, Hong Kong, or by calling +852 3163-3288, or by email at ibd.project.genesis3@amtdglobalmarkets.com.

About AMTD Digital Inc.

AMTD Digital Inc. is one of the most comprehensive digital solutions platforms in Asia. The Company’s one-stop digital solutions platform operates four main business lines including digital financial services, SpiderNet ecosystem solutions, digital media, content and marketing, as well as digital investments. It is the fusion reactor at the core of the AMTD SpiderNet ecosystem and empowers and integrates the various digital businesses within its ecosystem.

Safe Harbour Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbour” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. Among other things, quotations in this announcement, contain forward-looking statements. AMTD Digital may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about AMTD Digital’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: AMTD Digital’s strategies; AMTD Digital’s future business development, financial condition and results of operations; AMTD Digital’s ability to maintain its relationship with major strategic investors; its ability to provide facilitate pre-owned consumer electronics transactions and provide relevant services; its ability to maintain and enhance the recognition and reputation of its brand; general economic and business conditions globally and in Hong Kong and Mainland China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in AMTD Digital’s filings with the SEC. All information provided in this press release is as of the date of this press release, and AMTD Digital does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Contacts

Investor Relations Contact
IR Office

AMTD Digital Inc.

TEL: +852 3163-3389

EMAIL: ir@amtdigital.com