AMTD Digital, a Hong Kong-based fintech popular on WallStreetBets, briefly sees its market cap top $300B and its stock jump 21,400% after its July 2022 IPO
Think the meme stock mania is so 2021? Just take a look at AMTD Digital. $HKD, a Hong Kong-based fintech firm, saw its shares soar 21,400% since its mid-July IPO. The move pushed its market cap above $310B, and yet the company only made $25M in 2021. https://www.cnbc.com/... http…
If you thought GameStop was wild, what's happening with this Chinese meme stock will blow your mind. GameStop peak market capitalization: $24bn AMTD Digital peak market cap: $450bn https://twitter.com/...
HK-based financial services startup AMTD Digital is turning out to be a nightmare for financial journalists (the most important sort of nightmare). Worth $300bn for a time yesterday, more than 100x its IPO price (in July). $25m in revenue in the year to April. Down 34.5% today. h…
@Techmeme @YunLi626 Again, retail investors didn't cause this- they were the ONLY entity to point out the questionable & possibly criminal behavior of this IPO. 3+ news outlets wrote false articles casting this on “retail.” @DOJCrimDiv @SECGov investigate these outlets. https://t…
“So we're all just going to ignore the $400B meme stock in the room? We literally had Congressional hearings over the $30B runs of $GME and $AMC, but just [crickets] today.” - Jim Chanos (@WallStCynic) on $HKD https://www.cnbc.com/...