AMTD’s Wild Rise Comes Crashing Down With $160 Billion Drop

Bloomberg2022-08-05

US-listed shares of AMTD Digital tumbled 52% in two daysDecline in market value is bigger than Intel, Goldman SachsThe wild rally in a little-known Hong Kong-based financial services firm came to a ...

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Universe宇宙
2022-08-08
Universe宇宙
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2022-08-06
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2022-08-06
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2022-08-06
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That’s more than the entire current market capitalization of companies including Intel Corp., Morgan Stanley and Goldman Sachs.The wild price action continued Friday with the stock swinging between gains and losses and trgiggering at least one volatility-induced trading halt. Still, volume remains extremely thin for AMTD Digital, with less than 8,000 shares changing hands as of 9:55 am in New York. Total daily volume for the stock has failed to top 500,000 shares for each of the last four sessions.Hefty LossesAMTD Digital's losses are bigger than value of entire stocks like Intel and GoldmanA dizzying rally over the last three weeks saw AMTD Digital’s shares rise more than 32,000% from their initial public offering price at one point on Tuesday. That surge helped balloon the combined valuation of its Class A and Class B shares to upwards of $300 billion as of Tuesday’s close, making it the third largest financial stock in the world. 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It too saw a wave of frenzied buying this week, soaring as much as 520% on Tuesday alone, while attracting heavy interest from retail traders.But AMTD Idea’s gains also proved to be fleeting, as the stock dropped 39% after peaking on Tuesday, although it rebounded about 7.4% on Friday. 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That’s more than the entire current market capitalization of companies including Intel Corp., Morgan Stanley and Goldman Sachs.</p><p>The wild price action continued Friday with the stock swinging between gains and losses and trgiggering at least one volatility-induced trading halt. Still, volume remains extremely thin for AMTD Digital, with less than 8,000 shares changing hands as of 9:55 am in New York. Total daily volume for the stock has failed to top 500,000 shares for each of the last four sessions.</p><h3>Hefty Losses</h3><p>AMTD Digital&#39;s losses are bigger than value of entire stocks like Intel and Goldman</p><p><img src=\"https://static.tigerbbs.com/b67529ad579194b7c367382eb7bfe23b\" tg-width=\"979\" tg-height=\"656\" referrerpolicy=\"no-referrer\"/>A dizzying rally over the last three weeks saw AMTD Digital’s shares rise more than 32,000% from their initial public offering price at one point on Tuesday. That surge helped balloon the combined valuation of its Class A and Class B shares to upwards of $300 billion as of Tuesday’s close, making it the third largest financial stock in the world. But the company reported just $25 million in revenue for the year ended April 2021, a far cry from the hundreds of billions of dollars made by industry titans like Berkshire Hathaway Inc. and JPMorgan Chase &amp; Co.</p><p>On Friday the company announced that the underwriters of its mid-July initial public offering had decided to exercise their full greenshoe option to purchase up to an additional 2.4 million American depositary shares at their listing price of $7.80 each. AMTD said it expects the issuance of the additional shares to be completed by Aug. 8.</p><p>The stock’s rapid rise and fall has also led to wild moves in the shares of its parent company, AMTD Idea. That firm, which is part of the larger AMTD Group umbrella, owns roughly 88.7% of AMTD Digital’s outstanding shares. It too saw a wave of frenzied buying this week, soaring as much as 520% on Tuesday alone, while attracting heavy interest from retail traders.</p><p>But AMTD Idea’s gains also proved to be fleeting, as the stock dropped 39% after peaking on Tuesday, although it rebounded about 7.4% on Friday. To be sure, its decline in market value over its two-day selloff was significantly lower than AMTD Digital’s, clocking in at just over $1 billion.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMTD’s Wild Rise Comes Crashing Down With $160 Billion Drop</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMTD’s Wild Rise Comes Crashing Down With $160 Billion Drop\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-05 23:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-08-05/amtd-s-wild-rise-comes-crashing-down-with-160-billion-drop?srnd=premium-asia#xj4y7vzkg><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>US-listed shares of AMTD Digital tumbled 52% in two daysDecline in market value is bigger than Intel, Goldman SachsThe wild rally in a little-known Hong Kong-based financial services firm came to a ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-05/amtd-s-wild-rise-comes-crashing-down-with-160-billion-drop?srnd=premium-asia#xj4y7vzkg\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HKD":"尚乘数科"},"source_url":"https://www.bloomberg.com/news/articles/2022-08-05/amtd-s-wild-rise-comes-crashing-down-with-160-billion-drop?srnd=premium-asia#xj4y7vzkg","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193169775","content_text":"US-listed shares of AMTD Digital tumbled 52% in two daysDecline in market value is bigger than Intel, Goldman SachsThe wild rally in a little-known Hong Kong-based financial services firm came to a screeching halt after a two-day selloff cut the value of its US-listed shares in half.AMTD Digital Inc., which made its trading debut on the New York Stock Exchange less than a month ago, plunged 52% through Thursday’s close after hitting a record high on Tuesday, erasing about $160 billion in market value along the way. That’s more than the entire current market capitalization of companies including Intel Corp., Morgan Stanley and Goldman Sachs.The wild price action continued Friday with the stock swinging between gains and losses and trgiggering at least one volatility-induced trading halt. Still, volume remains extremely thin for AMTD Digital, with less than 8,000 shares changing hands as of 9:55 am in New York. Total daily volume for the stock has failed to top 500,000 shares for each of the last four sessions.Hefty LossesAMTD Digital's losses are bigger than value of entire stocks like Intel and GoldmanA dizzying rally over the last three weeks saw AMTD Digital’s shares rise more than 32,000% from their initial public offering price at one point on Tuesday. That surge helped balloon the combined valuation of its Class A and Class B shares to upwards of $300 billion as of Tuesday’s close, making it the third largest financial stock in the world. But the company reported just $25 million in revenue for the year ended April 2021, a far cry from the hundreds of billions of dollars made by industry titans like Berkshire Hathaway Inc. and JPMorgan Chase & Co.On Friday the company announced that the underwriters of its mid-July initial public offering had decided to exercise their full greenshoe option to purchase up to an additional 2.4 million American depositary shares at their listing price of $7.80 each. AMTD said it expects the issuance of the additional shares to be completed by Aug. 8.The stock’s rapid rise and fall has also led to wild moves in the shares of its parent company, AMTD Idea. That firm, which is part of the larger AMTD Group umbrella, owns roughly 88.7% of AMTD Digital’s outstanding shares. It too saw a wave of frenzied buying this week, soaring as much as 520% on Tuesday alone, while attracting heavy interest from retail traders.But AMTD Idea’s gains also proved to be fleeting, as the stock dropped 39% after peaking on Tuesday, although it rebounded about 7.4% on Friday. To be sure, its decline in market value over its two-day selloff was significantly lower than AMTD Digital’s, clocking in at just over $1 billion.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9902437759,"gmtCreate":1659745779173,"gmtModify":1703740511265,"author":{"id":"3581742304418428","authorId":"3581742304418428","name":"superguy276","avatar":"https://community-static.tradeup.com/news/5f105caf8fed30c91023f6d925c3da5d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581742304418428","authorIdStr":"3581742304418428"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9902437759","repostId":1193169775,"repostType":4,"repost":{"id":"1193169775","pubTimestamp":1659713242,"share":"https://ttm.financial/m/news/1193169775?lang=&edition=fundamental","pubTime":"2022-08-05 23:27","market":"us","language":"en","title":"AMTD’s Wild Rise Comes Crashing Down With $160 Billion Drop","url":"https://stock-news.laohu8.com/highlight/detail?id=1193169775","media":"Bloomberg","summary":"US-listed shares of AMTD Digital tumbled 52% in two daysDecline in market value is bigger than Intel","content":"<html><head></head><body><ul><li>US-listed shares of <a href=\"https://laohu8.com/S/HKD\">AMTD Digital</a> tumbled 52% in two days</li><li>Decline in market value is bigger than Intel, Goldman Sachs</li></ul><p>The wild rally in a little-known Hong Kong-based financial services firm came to a screeching halt after a two-day selloff cut the value of its US-listed shares in half.</p><p>AMTD Digital Inc., which made its trading debut on the New York Stock Exchange less than a month ago, plunged 52% through Thursday’s close after hitting a record high on Tuesday, erasing about $160 billion in market value along the way. That’s more than the entire current market capitalization of companies including Intel Corp., Morgan Stanley and Goldman Sachs.</p><p>The wild price action continued Friday with the stock swinging between gains and losses and trgiggering at least one volatility-induced trading halt. Still, volume remains extremely thin for AMTD Digital, with less than 8,000 shares changing hands as of 9:55 am in New York. Total daily volume for the stock has failed to top 500,000 shares for each of the last four sessions.</p><h3>Hefty Losses</h3><p>AMTD Digital&#39;s losses are bigger than value of entire stocks like Intel and Goldman</p><p><img src=\"https://static.tigerbbs.com/b67529ad579194b7c367382eb7bfe23b\" tg-width=\"979\" tg-height=\"656\" referrerpolicy=\"no-referrer\"/>A dizzying rally over the last three weeks saw AMTD Digital’s shares rise more than 32,000% from their initial public offering price at one point on Tuesday. That surge helped balloon the combined valuation of its Class A and Class B shares to upwards of $300 billion as of Tuesday’s close, making it the third largest financial stock in the world. But the company reported just $25 million in revenue for the year ended April 2021, a far cry from the hundreds of billions of dollars made by industry titans like Berkshire Hathaway Inc. and JPMorgan Chase &amp; Co.</p><p>On Friday the company announced that the underwriters of its mid-July initial public offering had decided to exercise their full greenshoe option to purchase up to an additional 2.4 million American depositary shares at their listing price of $7.80 each. AMTD said it expects the issuance of the additional shares to be completed by Aug. 8.</p><p>The stock’s rapid rise and fall has also led to wild moves in the shares of its parent company, AMTD Idea. That firm, which is part of the larger AMTD Group umbrella, owns roughly 88.7% of AMTD Digital’s outstanding shares. It too saw a wave of frenzied buying this week, soaring as much as 520% on Tuesday alone, while attracting heavy interest from retail traders.</p><p>But AMTD Idea’s gains also proved to be fleeting, as the stock dropped 39% after peaking on Tuesday, although it rebounded about 7.4% on Friday. To be sure, its decline in market value over its two-day selloff was significantly lower than AMTD Digital’s, clocking in at just over $1 billion.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMTD’s Wild Rise Comes Crashing Down With $160 Billion Drop</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMTD’s Wild Rise Comes Crashing Down With $160 Billion Drop\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-05 23:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-08-05/amtd-s-wild-rise-comes-crashing-down-with-160-billion-drop?srnd=premium-asia#xj4y7vzkg><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>US-listed shares of AMTD Digital tumbled 52% in two daysDecline in market value is bigger than Intel, Goldman SachsThe wild rally in a little-known Hong Kong-based financial services firm came to a ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-05/amtd-s-wild-rise-comes-crashing-down-with-160-billion-drop?srnd=premium-asia#xj4y7vzkg\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HKD":"尚乘数科"},"source_url":"https://www.bloomberg.com/news/articles/2022-08-05/amtd-s-wild-rise-comes-crashing-down-with-160-billion-drop?srnd=premium-asia#xj4y7vzkg","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193169775","content_text":"US-listed shares of AMTD Digital tumbled 52% in two daysDecline in market value is bigger than Intel, Goldman SachsThe wild rally in a little-known Hong Kong-based financial services firm came to a screeching halt after a two-day selloff cut the value of its US-listed shares in half.AMTD Digital Inc., which made its trading debut on the New York Stock Exchange less than a month ago, plunged 52% through Thursday’s close after hitting a record high on Tuesday, erasing about $160 billion in market value along the way. That’s more than the entire current market capitalization of companies including Intel Corp., Morgan Stanley and Goldman Sachs.The wild price action continued Friday with the stock swinging between gains and losses and trgiggering at least one volatility-induced trading halt. Still, volume remains extremely thin for AMTD Digital, with less than 8,000 shares changing hands as of 9:55 am in New York. Total daily volume for the stock has failed to top 500,000 shares for each of the last four sessions.Hefty LossesAMTD Digital's losses are bigger than value of entire stocks like Intel and GoldmanA dizzying rally over the last three weeks saw AMTD Digital’s shares rise more than 32,000% from their initial public offering price at one point on Tuesday. That surge helped balloon the combined valuation of its Class A and Class B shares to upwards of $300 billion as of Tuesday’s close, making it the third largest financial stock in the world. But the company reported just $25 million in revenue for the year ended April 2021, a far cry from the hundreds of billions of dollars made by industry titans like Berkshire Hathaway Inc. and JPMorgan Chase & Co.On Friday the company announced that the underwriters of its mid-July initial public offering had decided to exercise their full greenshoe option to purchase up to an additional 2.4 million American depositary shares at their listing price of $7.80 each. AMTD said it expects the issuance of the additional shares to be completed by Aug. 8.The stock’s rapid rise and fall has also led to wild moves in the shares of its parent company, AMTD Idea. That firm, which is part of the larger AMTD Group umbrella, owns roughly 88.7% of AMTD Digital’s outstanding shares. It too saw a wave of frenzied buying this week, soaring as much as 520% on Tuesday alone, while attracting heavy interest from retail traders.But AMTD Idea’s gains also proved to be fleeting, as the stock dropped 39% after peaking on Tuesday, although it rebounded about 7.4% on Friday. To be sure, its decline in market value over its two-day selloff was significantly lower than AMTD Digital’s, clocking in at just over $1 billion.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9902436540,"gmtCreate":1659745433482,"gmtModify":1703739622266,"author":{"id":"3586393315819735","authorId":"3586393315819735","name":"Vincent1968","avatar":"https://community-static.tradeup.com/news/7f106edb1e06baf3c68462c050422f46","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586393315819735","authorIdStr":"3586393315819735"},"htmlText":"Follow&nbsp;","listText":"Follow&nbsp;","text":"Follow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9902436540","repostId":1193169775,"repostType":4,"repost":{"id":"1193169775","pubTimestamp":1659713242,"share":"https://ttm.financial/m/news/1193169775?lang=&edition=fundamental","pubTime":"2022-08-05 23:27","market":"us","language":"en","title":"AMTD’s Wild Rise Comes Crashing Down With $160 Billion Drop","url":"https://stock-news.laohu8.com/highlight/detail?id=1193169775","media":"Bloomberg","summary":"US-listed shares of AMTD Digital tumbled 52% in two daysDecline in market value is bigger than Intel","content":"<html><head></head><body><ul><li>US-listed shares of <a href=\"https://laohu8.com/S/HKD\">AMTD Digital</a> tumbled 52% in two days</li><li>Decline in market value is bigger than Intel, Goldman Sachs</li></ul><p>The wild rally in a little-known Hong Kong-based financial services firm came to a screeching halt after a two-day selloff cut the value of its US-listed shares in half.</p><p>AMTD Digital Inc., which made its trading debut on the New York Stock Exchange less than a month ago, plunged 52% through Thursday’s close after hitting a record high on Tuesday, erasing about $160 billion in market value along the way. That’s more than the entire current market capitalization of companies including Intel Corp., Morgan Stanley and Goldman Sachs.</p><p>The wild price action continued Friday with the stock swinging between gains and losses and trgiggering at least one volatility-induced trading halt. Still, volume remains extremely thin for AMTD Digital, with less than 8,000 shares changing hands as of 9:55 am in New York. Total daily volume for the stock has failed to top 500,000 shares for each of the last four sessions.</p><h3>Hefty Losses</h3><p>AMTD Digital&#39;s losses are bigger than value of entire stocks like Intel and Goldman</p><p><img src=\"https://static.tigerbbs.com/b67529ad579194b7c367382eb7bfe23b\" tg-width=\"979\" tg-height=\"656\" referrerpolicy=\"no-referrer\"/>A dizzying rally over the last three weeks saw AMTD Digital’s shares rise more than 32,000% from their initial public offering price at one point on Tuesday. That surge helped balloon the combined valuation of its Class A and Class B shares to upwards of $300 billion as of Tuesday’s close, making it the third largest financial stock in the world. But the company reported just $25 million in revenue for the year ended April 2021, a far cry from the hundreds of billions of dollars made by industry titans like Berkshire Hathaway Inc. and JPMorgan Chase &amp; Co.</p><p>On Friday the company announced that the underwriters of its mid-July initial public offering had decided to exercise their full greenshoe option to purchase up to an additional 2.4 million American depositary shares at their listing price of $7.80 each. AMTD said it expects the issuance of the additional shares to be completed by Aug. 8.</p><p>The stock’s rapid rise and fall has also led to wild moves in the shares of its parent company, AMTD Idea. That firm, which is part of the larger AMTD Group umbrella, owns roughly 88.7% of AMTD Digital’s outstanding shares. It too saw a wave of frenzied buying this week, soaring as much as 520% on Tuesday alone, while attracting heavy interest from retail traders.</p><p>But AMTD Idea’s gains also proved to be fleeting, as the stock dropped 39% after peaking on Tuesday, although it rebounded about 7.4% on Friday. To be sure, its decline in market value over its two-day selloff was significantly lower than AMTD Digital’s, clocking in at just over $1 billion.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMTD’s Wild Rise Comes Crashing Down With $160 Billion Drop</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMTD’s Wild Rise Comes Crashing Down With $160 Billion Drop\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-05 23:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-08-05/amtd-s-wild-rise-comes-crashing-down-with-160-billion-drop?srnd=premium-asia#xj4y7vzkg><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>US-listed shares of AMTD Digital tumbled 52% in two daysDecline in market value is bigger than Intel, Goldman SachsThe wild rally in a little-known Hong Kong-based financial services firm came to a ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-05/amtd-s-wild-rise-comes-crashing-down-with-160-billion-drop?srnd=premium-asia#xj4y7vzkg\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HKD":"尚乘数科"},"source_url":"https://www.bloomberg.com/news/articles/2022-08-05/amtd-s-wild-rise-comes-crashing-down-with-160-billion-drop?srnd=premium-asia#xj4y7vzkg","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193169775","content_text":"US-listed shares of AMTD Digital tumbled 52% in two daysDecline in market value is bigger than Intel, Goldman SachsThe wild rally in a little-known Hong Kong-based financial services firm came to a screeching halt after a two-day selloff cut the value of its US-listed shares in half.AMTD Digital Inc., which made its trading debut on the New York Stock Exchange less than a month ago, plunged 52% through Thursday’s close after hitting a record high on Tuesday, erasing about $160 billion in market value along the way. That’s more than the entire current market capitalization of companies including Intel Corp., Morgan Stanley and Goldman Sachs.The wild price action continued Friday with the stock swinging between gains and losses and trgiggering at least one volatility-induced trading halt. Still, volume remains extremely thin for AMTD Digital, with less than 8,000 shares changing hands as of 9:55 am in New York. Total daily volume for the stock has failed to top 500,000 shares for each of the last four sessions.Hefty LossesAMTD Digital's losses are bigger than value of entire stocks like Intel and GoldmanA dizzying rally over the last three weeks saw AMTD Digital’s shares rise more than 32,000% from their initial public offering price at one point on Tuesday. That surge helped balloon the combined valuation of its Class A and Class B shares to upwards of $300 billion as of Tuesday’s close, making it the third largest financial stock in the world. But the company reported just $25 million in revenue for the year ended April 2021, a far cry from the hundreds of billions of dollars made by industry titans like Berkshire Hathaway Inc. and JPMorgan Chase & Co.On Friday the company announced that the underwriters of its mid-July initial public offering had decided to exercise their full greenshoe option to purchase up to an additional 2.4 million American depositary shares at their listing price of $7.80 each. AMTD said it expects the issuance of the additional shares to be completed by Aug. 8.The stock’s rapid rise and fall has also led to wild moves in the shares of its parent company, AMTD Idea. That firm, which is part of the larger AMTD Group umbrella, owns roughly 88.7% of AMTD Digital’s outstanding shares. It too saw a wave of frenzied buying this week, soaring as much as 520% on Tuesday alone, while attracting heavy interest from retail traders.But AMTD Idea’s gains also proved to be fleeting, as the stock dropped 39% after peaking on Tuesday, although it rebounded about 7.4% on Friday. To be sure, its decline in market value over its two-day selloff was significantly lower than AMTD Digital’s, clocking in at just over $1 billion.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9902431971,"gmtCreate":1659745230395,"gmtModify":1703739342319,"author":{"id":"3574924744683779","authorId":"3574924744683779","name":"Charging","avatar":"https://static.tigerbbs.com/bb132b01616074824a4d1a4b8478727e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574924744683779","authorIdStr":"3574924744683779"},"htmlText":"[smile]&nbsp;","listText":"[smile]&nbsp;","text":"[smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9902431971","repostId":1193169775,"repostType":4,"repost":{"id":"1193169775","pubTimestamp":1659713242,"share":"https://ttm.financial/m/news/1193169775?lang=&edition=fundamental","pubTime":"2022-08-05 23:27","market":"us","language":"en","title":"AMTD’s Wild Rise Comes Crashing Down With $160 Billion Drop","url":"https://stock-news.laohu8.com/highlight/detail?id=1193169775","media":"Bloomberg","summary":"US-listed shares of AMTD Digital tumbled 52% in two daysDecline in market value is bigger than Intel","content":"<html><head></head><body><ul><li>US-listed shares of <a href=\"https://laohu8.com/S/HKD\">AMTD Digital</a> tumbled 52% in two days</li><li>Decline in market value is bigger than Intel, Goldman Sachs</li></ul><p>The wild rally in a little-known Hong Kong-based financial services firm came to a screeching halt after a two-day selloff cut the value of its US-listed shares in half.</p><p>AMTD Digital Inc., which made its trading debut on the New York Stock Exchange less than a month ago, plunged 52% through Thursday’s close after hitting a record high on Tuesday, erasing about $160 billion in market value along the way. That’s more than the entire current market capitalization of companies including Intel Corp., Morgan Stanley and Goldman Sachs.</p><p>The wild price action continued Friday with the stock swinging between gains and losses and trgiggering at least one volatility-induced trading halt. Still, volume remains extremely thin for AMTD Digital, with less than 8,000 shares changing hands as of 9:55 am in New York. Total daily volume for the stock has failed to top 500,000 shares for each of the last four sessions.</p><h3>Hefty Losses</h3><p>AMTD Digital&#39;s losses are bigger than value of entire stocks like Intel and Goldman</p><p><img src=\"https://static.tigerbbs.com/b67529ad579194b7c367382eb7bfe23b\" tg-width=\"979\" tg-height=\"656\" referrerpolicy=\"no-referrer\"/>A dizzying rally over the last three weeks saw AMTD Digital’s shares rise more than 32,000% from their initial public offering price at one point on Tuesday. That surge helped balloon the combined valuation of its Class A and Class B shares to upwards of $300 billion as of Tuesday’s close, making it the third largest financial stock in the world. But the company reported just $25 million in revenue for the year ended April 2021, a far cry from the hundreds of billions of dollars made by industry titans like Berkshire Hathaway Inc. and JPMorgan Chase &amp; Co.</p><p>On Friday the company announced that the underwriters of its mid-July initial public offering had decided to exercise their full greenshoe option to purchase up to an additional 2.4 million American depositary shares at their listing price of $7.80 each. AMTD said it expects the issuance of the additional shares to be completed by Aug. 8.</p><p>The stock’s rapid rise and fall has also led to wild moves in the shares of its parent company, AMTD Idea. That firm, which is part of the larger AMTD Group umbrella, owns roughly 88.7% of AMTD Digital’s outstanding shares. It too saw a wave of frenzied buying this week, soaring as much as 520% on Tuesday alone, while attracting heavy interest from retail traders.</p><p>But AMTD Idea’s gains also proved to be fleeting, as the stock dropped 39% after peaking on Tuesday, although it rebounded about 7.4% on Friday. To be sure, its decline in market value over its two-day selloff was significantly lower than AMTD Digital’s, clocking in at just over $1 billion.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMTD’s Wild Rise Comes Crashing Down With $160 Billion Drop</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMTD’s Wild Rise Comes Crashing Down With $160 Billion Drop\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-05 23:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-08-05/amtd-s-wild-rise-comes-crashing-down-with-160-billion-drop?srnd=premium-asia#xj4y7vzkg><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>US-listed shares of AMTD Digital tumbled 52% in two daysDecline in market value is bigger than Intel, Goldman SachsThe wild rally in a little-known Hong Kong-based financial services firm came to a ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-05/amtd-s-wild-rise-comes-crashing-down-with-160-billion-drop?srnd=premium-asia#xj4y7vzkg\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HKD":"尚乘数科"},"source_url":"https://www.bloomberg.com/news/articles/2022-08-05/amtd-s-wild-rise-comes-crashing-down-with-160-billion-drop?srnd=premium-asia#xj4y7vzkg","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193169775","content_text":"US-listed shares of AMTD Digital tumbled 52% in two daysDecline in market value is bigger than Intel, Goldman SachsThe wild rally in a little-known Hong Kong-based financial services firm came to a screeching halt after a two-day selloff cut the value of its US-listed shares in half.AMTD Digital Inc., which made its trading debut on the New York Stock Exchange less than a month ago, plunged 52% through Thursday’s close after hitting a record high on Tuesday, erasing about $160 billion in market value along the way. That’s more than the entire current market capitalization of companies including Intel Corp., Morgan Stanley and Goldman Sachs.The wild price action continued Friday with the stock swinging between gains and losses and trgiggering at least one volatility-induced trading halt. Still, volume remains extremely thin for AMTD Digital, with less than 8,000 shares changing hands as of 9:55 am in New York. Total daily volume for the stock has failed to top 500,000 shares for each of the last four sessions.Hefty LossesAMTD Digital's losses are bigger than value of entire stocks like Intel and GoldmanA dizzying rally over the last three weeks saw AMTD Digital’s shares rise more than 32,000% from their initial public offering price at one point on Tuesday. That surge helped balloon the combined valuation of its Class A and Class B shares to upwards of $300 billion as of Tuesday’s close, making it the third largest financial stock in the world. But the company reported just $25 million in revenue for the year ended April 2021, a far cry from the hundreds of billions of dollars made by industry titans like Berkshire Hathaway Inc. and JPMorgan Chase & Co.On Friday the company announced that the underwriters of its mid-July initial public offering had decided to exercise their full greenshoe option to purchase up to an additional 2.4 million American depositary shares at their listing price of $7.80 each. AMTD said it expects the issuance of the additional shares to be completed by Aug. 8.The stock’s rapid rise and fall has also led to wild moves in the shares of its parent company, AMTD Idea. That firm, which is part of the larger AMTD Group umbrella, owns roughly 88.7% of AMTD Digital’s outstanding shares. It too saw a wave of frenzied buying this week, soaring as much as 520% on Tuesday alone, while attracting heavy interest from retail traders.But AMTD Idea’s gains also proved to be fleeting, as the stock dropped 39% after peaking on Tuesday, although it rebounded about 7.4% on Friday. To be sure, its decline in market value over its two-day selloff was significantly lower than AMTD Digital’s, clocking in at just over $1 billion.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9902439492,"gmtCreate":1659745111418,"gmtModify":1703739275774,"author":{"id":"4095988560725080","authorId":"4095988560725080","name":"Ghostwalker","avatar":"https://static.tigerbbs.com/23573df57053ba2bfe809c087c7ce4b1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4095988560725080","authorIdStr":"4095988560725080"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9902439492","repostId":1193169775,"repostType":4,"repost":{"id":"1193169775","pubTimestamp":1659713242,"share":"https://ttm.financial/m/news/1193169775?lang=&edition=fundamental","pubTime":"2022-08-05 23:27","market":"us","language":"en","title":"AMTD’s Wild Rise Comes Crashing Down With $160 Billion Drop","url":"https://stock-news.laohu8.com/highlight/detail?id=1193169775","media":"Bloomberg","summary":"US-listed shares of AMTD Digital tumbled 52% in two daysDecline in market value is bigger than Intel","content":"<html><head></head><body><ul><li>US-listed shares of <a href=\"https://laohu8.com/S/HKD\">AMTD Digital</a> tumbled 52% in two days</li><li>Decline in market value is bigger than Intel, Goldman Sachs</li></ul><p>The wild rally in a little-known Hong Kong-based financial services firm came to a screeching halt after a two-day selloff cut the value of its US-listed shares in half.</p><p>AMTD Digital Inc., which made its trading debut on the New York Stock Exchange less than a month ago, plunged 52% through Thursday’s close after hitting a record high on Tuesday, erasing about $160 billion in market value along the way. That’s more than the entire current market capitalization of companies including Intel Corp., Morgan Stanley and Goldman Sachs.</p><p>The wild price action continued Friday with the stock swinging between gains and losses and trgiggering at least one volatility-induced trading halt. Still, volume remains extremely thin for AMTD Digital, with less than 8,000 shares changing hands as of 9:55 am in New York. Total daily volume for the stock has failed to top 500,000 shares for each of the last four sessions.</p><h3>Hefty Losses</h3><p>AMTD Digital&#39;s losses are bigger than value of entire stocks like Intel and Goldman</p><p><img src=\"https://static.tigerbbs.com/b67529ad579194b7c367382eb7bfe23b\" tg-width=\"979\" tg-height=\"656\" referrerpolicy=\"no-referrer\"/>A dizzying rally over the last three weeks saw AMTD Digital’s shares rise more than 32,000% from their initial public offering price at one point on Tuesday. That surge helped balloon the combined valuation of its Class A and Class B shares to upwards of $300 billion as of Tuesday’s close, making it the third largest financial stock in the world. But the company reported just $25 million in revenue for the year ended April 2021, a far cry from the hundreds of billions of dollars made by industry titans like Berkshire Hathaway Inc. and JPMorgan Chase &amp; Co.</p><p>On Friday the company announced that the underwriters of its mid-July initial public offering had decided to exercise their full greenshoe option to purchase up to an additional 2.4 million American depositary shares at their listing price of $7.80 each. AMTD said it expects the issuance of the additional shares to be completed by Aug. 8.</p><p>The stock’s rapid rise and fall has also led to wild moves in the shares of its parent company, AMTD Idea. That firm, which is part of the larger AMTD Group umbrella, owns roughly 88.7% of AMTD Digital’s outstanding shares. It too saw a wave of frenzied buying this week, soaring as much as 520% on Tuesday alone, while attracting heavy interest from retail traders.</p><p>But AMTD Idea’s gains also proved to be fleeting, as the stock dropped 39% after peaking on Tuesday, although it rebounded about 7.4% on Friday. To be sure, its decline in market value over its two-day selloff was significantly lower than AMTD Digital’s, clocking in at just over $1 billion.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMTD’s Wild Rise Comes Crashing Down With $160 Billion Drop</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMTD’s Wild Rise Comes Crashing Down With $160 Billion Drop\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-05 23:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-08-05/amtd-s-wild-rise-comes-crashing-down-with-160-billion-drop?srnd=premium-asia#xj4y7vzkg><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>US-listed shares of AMTD Digital tumbled 52% in two daysDecline in market value is bigger than Intel, Goldman SachsThe wild rally in a little-known Hong Kong-based financial services firm came to a ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-05/amtd-s-wild-rise-comes-crashing-down-with-160-billion-drop?srnd=premium-asia#xj4y7vzkg\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HKD":"尚乘数科"},"source_url":"https://www.bloomberg.com/news/articles/2022-08-05/amtd-s-wild-rise-comes-crashing-down-with-160-billion-drop?srnd=premium-asia#xj4y7vzkg","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193169775","content_text":"US-listed shares of AMTD Digital tumbled 52% in two daysDecline in market value is bigger than Intel, Goldman SachsThe wild rally in a little-known Hong Kong-based financial services firm came to a screeching halt after a two-day selloff cut the value of its US-listed shares in half.AMTD Digital Inc., which made its trading debut on the New York Stock Exchange less than a month ago, plunged 52% through Thursday’s close after hitting a record high on Tuesday, erasing about $160 billion in market value along the way. That’s more than the entire current market capitalization of companies including Intel Corp., Morgan Stanley and Goldman Sachs.The wild price action continued Friday with the stock swinging between gains and losses and trgiggering at least one volatility-induced trading halt. Still, volume remains extremely thin for AMTD Digital, with less than 8,000 shares changing hands as of 9:55 am in New York. Total daily volume for the stock has failed to top 500,000 shares for each of the last four sessions.Hefty LossesAMTD Digital's losses are bigger than value of entire stocks like Intel and GoldmanA dizzying rally over the last three weeks saw AMTD Digital’s shares rise more than 32,000% from their initial public offering price at one point on Tuesday. That surge helped balloon the combined valuation of its Class A and Class B shares to upwards of $300 billion as of Tuesday’s close, making it the third largest financial stock in the world. But the company reported just $25 million in revenue for the year ended April 2021, a far cry from the hundreds of billions of dollars made by industry titans like Berkshire Hathaway Inc. and JPMorgan Chase & Co.On Friday the company announced that the underwriters of its mid-July initial public offering had decided to exercise their full greenshoe option to purchase up to an additional 2.4 million American depositary shares at their listing price of $7.80 each. AMTD said it expects the issuance of the additional shares to be completed by Aug. 8.The stock’s rapid rise and fall has also led to wild moves in the shares of its parent company, AMTD Idea. That firm, which is part of the larger AMTD Group umbrella, owns roughly 88.7% of AMTD Digital’s outstanding shares. It too saw a wave of frenzied buying this week, soaring as much as 520% on Tuesday alone, while attracting heavy interest from retail traders.But AMTD Idea’s gains also proved to be fleeting, as the stock dropped 39% after peaking on Tuesday, although it rebounded about 7.4% on Friday. To be sure, its decline in market value over its two-day selloff was significantly lower than AMTD Digital’s, clocking in at just over $1 billion.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9902407214,"gmtCreate":1659744246140,"gmtModify":1703738748634,"author":{"id":"3574934277926519","authorId":"3574934277926519","name":"Chitz","avatar":"https://static.tigerbbs.com/988984eee397d7e772b978815d9b162e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574934277926519","authorIdStr":"3574934277926519"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9902407214","repostId":1193169775,"repostType":4,"repost":{"id":"1193169775","pubTimestamp":1659713242,"share":"https://ttm.financial/m/news/1193169775?lang=&edition=fundamental","pubTime":"2022-08-05 23:27","market":"us","language":"en","title":"AMTD’s Wild Rise Comes Crashing Down With $160 Billion Drop","url":"https://stock-news.laohu8.com/highlight/detail?id=1193169775","media":"Bloomberg","summary":"US-listed shares of AMTD Digital tumbled 52% in two daysDecline in market value is bigger than Intel","content":"<html><head></head><body><ul><li>US-listed shares of <a href=\"https://laohu8.com/S/HKD\">AMTD Digital</a> tumbled 52% in two days</li><li>Decline in market value is bigger than Intel, Goldman Sachs</li></ul><p>The wild rally in a little-known Hong Kong-based financial services firm came to a screeching halt after a two-day selloff cut the value of its US-listed shares in half.</p><p>AMTD Digital Inc., which made its trading debut on the New York Stock Exchange less than a month ago, plunged 52% through Thursday’s close after hitting a record high on Tuesday, erasing about $160 billion in market value along the way. That’s more than the entire current market capitalization of companies including Intel Corp., Morgan Stanley and Goldman Sachs.</p><p>The wild price action continued Friday with the stock swinging between gains and losses and trgiggering at least one volatility-induced trading halt. Still, volume remains extremely thin for AMTD Digital, with less than 8,000 shares changing hands as of 9:55 am in New York. Total daily volume for the stock has failed to top 500,000 shares for each of the last four sessions.</p><h3>Hefty Losses</h3><p>AMTD Digital&#39;s losses are bigger than value of entire stocks like Intel and Goldman</p><p><img src=\"https://static.tigerbbs.com/b67529ad579194b7c367382eb7bfe23b\" tg-width=\"979\" tg-height=\"656\" referrerpolicy=\"no-referrer\"/>A dizzying rally over the last three weeks saw AMTD Digital’s shares rise more than 32,000% from their initial public offering price at one point on Tuesday. That surge helped balloon the combined valuation of its Class A and Class B shares to upwards of $300 billion as of Tuesday’s close, making it the third largest financial stock in the world. But the company reported just $25 million in revenue for the year ended April 2021, a far cry from the hundreds of billions of dollars made by industry titans like Berkshire Hathaway Inc. and JPMorgan Chase &amp; Co.</p><p>On Friday the company announced that the underwriters of its mid-July initial public offering had decided to exercise their full greenshoe option to purchase up to an additional 2.4 million American depositary shares at their listing price of $7.80 each. AMTD said it expects the issuance of the additional shares to be completed by Aug. 8.</p><p>The stock’s rapid rise and fall has also led to wild moves in the shares of its parent company, AMTD Idea. That firm, which is part of the larger AMTD Group umbrella, owns roughly 88.7% of AMTD Digital’s outstanding shares. It too saw a wave of frenzied buying this week, soaring as much as 520% on Tuesday alone, while attracting heavy interest from retail traders.</p><p>But AMTD Idea’s gains also proved to be fleeting, as the stock dropped 39% after peaking on Tuesday, although it rebounded about 7.4% on Friday. To be sure, its decline in market value over its two-day selloff was significantly lower than AMTD Digital’s, clocking in at just over $1 billion.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMTD’s Wild Rise Comes Crashing Down With $160 Billion Drop</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMTD’s Wild Rise Comes Crashing Down With $160 Billion Drop\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-05 23:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-08-05/amtd-s-wild-rise-comes-crashing-down-with-160-billion-drop?srnd=premium-asia#xj4y7vzkg><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>US-listed shares of AMTD Digital tumbled 52% in two daysDecline in market value is bigger than Intel, Goldman SachsThe wild rally in a little-known Hong Kong-based financial services firm came to a ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-05/amtd-s-wild-rise-comes-crashing-down-with-160-billion-drop?srnd=premium-asia#xj4y7vzkg\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HKD":"尚乘数科"},"source_url":"https://www.bloomberg.com/news/articles/2022-08-05/amtd-s-wild-rise-comes-crashing-down-with-160-billion-drop?srnd=premium-asia#xj4y7vzkg","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193169775","content_text":"US-listed shares of AMTD Digital tumbled 52% in two daysDecline in market value is bigger than Intel, Goldman SachsThe wild rally in a little-known Hong Kong-based financial services firm came to a screeching halt after a two-day selloff cut the value of its US-listed shares in half.AMTD Digital Inc., which made its trading debut on the New York Stock Exchange less than a month ago, plunged 52% through Thursday’s close after hitting a record high on Tuesday, erasing about $160 billion in market value along the way. That’s more than the entire current market capitalization of companies including Intel Corp., Morgan Stanley and Goldman Sachs.The wild price action continued Friday with the stock swinging between gains and losses and trgiggering at least one volatility-induced trading halt. Still, volume remains extremely thin for AMTD Digital, with less than 8,000 shares changing hands as of 9:55 am in New York. Total daily volume for the stock has failed to top 500,000 shares for each of the last four sessions.Hefty LossesAMTD Digital's losses are bigger than value of entire stocks like Intel and GoldmanA dizzying rally over the last three weeks saw AMTD Digital’s shares rise more than 32,000% from their initial public offering price at one point on Tuesday. That surge helped balloon the combined valuation of its Class A and Class B shares to upwards of $300 billion as of Tuesday’s close, making it the third largest financial stock in the world. But the company reported just $25 million in revenue for the year ended April 2021, a far cry from the hundreds of billions of dollars made by industry titans like Berkshire Hathaway Inc. and JPMorgan Chase & Co.On Friday the company announced that the underwriters of its mid-July initial public offering had decided to exercise their full greenshoe option to purchase up to an additional 2.4 million American depositary shares at their listing price of $7.80 each. AMTD said it expects the issuance of the additional shares to be completed by Aug. 8.The stock’s rapid rise and fall has also led to wild moves in the shares of its parent company, AMTD Idea. That firm, which is part of the larger AMTD Group umbrella, owns roughly 88.7% of AMTD Digital’s outstanding shares. It too saw a wave of frenzied buying this week, soaring as much as 520% on Tuesday alone, while attracting heavy interest from retail traders.But AMTD Idea’s gains also proved to be fleeting, as the stock dropped 39% after peaking on Tuesday, although it rebounded about 7.4% on Friday. To be sure, its decline in market value over its two-day selloff was significantly lower than AMTD Digital’s, clocking in at just over $1 billion.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":550,"commentSize":67,"repostSize":0,"favoriteSize":2,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1193169775"}