$AMTD International(AMTD)$ ，$AMTD Digital Inc.(HKD)$
Part I: The key to manipulating stock price: controlling shares and non-market strategy IPO
Shareholders of listed companies can be roughly divided into three categories:
1. Founding team
2. Primary market investors, VC/PE
3. Long-term and hedge funds participating in IPO or after listing
Before lifting the ban, category 1 and 2 can not sold, then the daily fluctuation of stock price depends on category 3.
IPO issuance is divided into market-oriented and non-market-oriented.
Market-oriented issuance: with the participation of a wide range of real market-oriented hedge funds, long-term funds and retail investors, the price relatively reflects the value and will not form a strong control plate. Non-marketization means that without the participation of marketization, the subscribers are only "white gloves" or a few relatives and friends. Lao Qiangu has a long-term game called "Weifei" in Hong Kong.
Note: Not all non-market issues are bad companies and thousands of shares. When the market is very bad, some high-quality companies may also need the support of old shareholders and other relatives and friends to successfully go public, and then gradually attract the investment of market-oriented funds by virtue of the high-quality performance of fundamentals.
But there is another kind of company that runs to manipulate the market from the beginning. When the ipo is released, the chips will be concentrated in the hands of "white gloves". A few days after IPO, left hand turned right hand,The stock price is very easy to control, and it is easy to pull ten times and one hundred times. Because there is no external chip,The key to controlling stock price is to control chips.
After lifting the ban, the difficulty/cost of controlling chips has greatly increased, because both Class 1 and Class 2 shareholders have lifted the ban. However, there are exceptions: if the company has hardly done primary market financing, the team may have 2-3 or even only the boss holds shares, and this ownership structure also has the opportunity to control the board after lifting the ban. For example$AMTD International(AMTD)$.
Part II $AMTD International(AMTD)$ And $AMTD Digital Inc.(HKD)$
There is no need to look at the fundamentals of these two companies at all. Founder Calvin Choi has a good reputation in Hong Kong investment banking circles. . . (You can use your own Google search his name and etc.).
Calvin Choi, chairman and CEO of AMTD Group.
You don't have to look at Sir Ka-shing Li mentioned in the PR draft at all. Or other financial shareholders with a small proportion. $AMTD International(AMTD)$ was originally founded by Ka-shing Li's Cheung Kong Industrial Group and Hutchison Whampoa in 2003, but it changed its dynasty many years ago and sold it. The actual controller and ownership structure have changed completely. According to the prospectus, the relevant shareholders of Ka-shing Li have either completely withdrawn 100% or left a little financial equity at most, Does not constitute any fundamental endorsement.
Tip: It is a common financial scam to cheat retail investors' goodwill and trust by endorsement of celebrities or well-known institutions.
Set up a post as evidence and guarantee,$AMTD Digital Inc.(HKD)$It is the above-mentioned control plate demon stocks, which are raised 100 times to attract the attention of retail investors. Finally, it must be chicken feathers all over the place.
And $AMTD International(AMTD)$It has already been lifted and collapsed at any time.
So when will both be? I don't know either,Every day may be the last stick of pass the parcel and collapse at any time.
Don't think that the former subjects can be delayed for a long time during the lifting of the ban.
1. The controller will never have the patience to wait for the lifting of the ban. He feels hot enough to smash the plate by himself, earning more and earning less.
2. The lifting of the ban on US stocks is not strict for 6 months, and listed companies and underwriters can reach a consensus and unlock them in advance. In the past, some companies issued new shares/sold old shares during the lifting of the ban.
The third part is greed
An interesting financial phenomenon is that there are many financial scams. Even participants know that they are scams, but they always feel lucky and feel that they will not be the last stick. They are the son of heaven and can make money by using the banker.
Greed is the enemy of investment.
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