Is AMTD digital (HKD) a good stock to buy?

AMTD Digital (NASDAQ: HKD) stock price surged for two straight days, making it one of the best-performing shares in Wall Street. The shares surged to a high of $6.16, the highest point since August 28...

Why did AMTD digital stock surge?

The price of AMTD Digital for its listing on July 15 was $7.80 per share and by August 2, the price had peaked at $1,679, which was an increase of 21,000% since listing. The causes of the stock surge remains unknown.

Who owns AMTD digital?

AMTD Digital was founded in 2019 by Calvin Choi, a former UBS investment banker. The firm is owned by AMTD Idea which holds 88.7% of its shares and is ultimately owned by the AMTD Group, a financial services group. Choi is also the chairman of the AMTD Group.

When did AMTD digital IPO?

On July 15, 2022, AMTD Digital held an IPO on the New York Stock Exchange with a starting price of $7.80. Since then, the company's stock has seen tremendous price fluctuations on the stock market.