What is AMTD digital?

AMTD Digital is a Hong Kong based investment company that is an arm of AMTD Idea Group, which is listed in New York and Singapore. The company has launched a 'metaverse' called AMTD SpiderNet in February and is mainly used by fintechs and online influencers. The idea is to collect fees and commissions from both sides.

Why is AMTD digital's stock rallying?

The actual reason for that rally remains a mystery, but its low float might be a factor. AMTD Digital only offered 19 million of its 185 million outstanding shares in its IPO. That low float makes its stock more vulnerable to wild price swings, and the meme stock buzz has likely amplified that volatility.

What happened to AMTD digital (HKD) stock?

The AMTD Digital (HKD) stock price popped on Tuesday after the company announced a new share repurchase program. The shares jumped by more than 40% and reached a high of $8.50, the highest level since...

What happened to AMTD idea?

AMTD IDEA still held an 88.7% stake in AMTD Digital after its market debut, which makes it a major beneficiary of the company's massive post-IPO rally. AMTD operates four main businesses. Its Digital Financial Services segment mainly provides digital insurance and banking services through third-party partners.