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Boustead Securities Client AMTD International Announces Full Exercise of Over-Allotment Option

August 15, 2019

 

Boustead Securities, LLC., (“Boustead”) client Inc. (“AMTD” or the “Company”) (NYSE: HKIB), a subsidiary of AMTD Group, a Hong Kong-headquartered financial institution announced that the underwriters of the Company’s initial public offering (the “IPO”) have exercised in full their over-allotment option to purchase an additional 3,113,955 American depositary shares (“ADSs”) from the Company at the IPO price of US$8.38 per ADS. After giving effect to the exercise of the option, AMTD has issued and sold a total of 23,873,655 ADSs in the IPO, for total gross proceeds of approximately US$200 million..

 

AMTD raised $174 million on opening day at the NYSE by offering 20.8 million shares at $8.38, within the range of $8.10 to $8.48. The stock closed at $10.09 on Monday August 5, 2019, its first day of trading.

 

Boustead Securities acted as lead manager on the deal along with AMTD Global Markets, Loop Capital Markets, MasterLink, Tiger Brokers and ViewTrade. 

 

Boustead's Dan McClory at the NYSE for client AMTD International's (NYSE:HKIB) IPO with NYSE Vice Chairman John Tuttle (left).

 

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission and was declared effective on August 2, 2019. The offering of the Company’s ADSs will be made only by means of a prospectus forming part of the effective registration statement. Copies of the final prospectus relating to the offering may be obtained by contacting: ir@amtdinc.com.

 

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

 

About Boustead Securities, LLC

Boustead Securities, LLC (“Boustead”) is an investment banking firm that executes and advises on IPOs, mergers and acquisitions, capital raises and restructuring assignments in a wide array of industries, geographies and transactions, for a broad client base. Boustead’s core value proposition is the ability to create opportunity through innovative solutions and tenacious execution. With experienced professionals in the United States and around the world, Boustead’s team moves quickly and provides a broad spectrum of sophisticated financial advice and services. Boustead is a majority owned subsidiary of Boustead & Company Limited, a diversified non-bank financial institution. For more information, please visit www.boustead1828.com.

 

Contact:
Dan McClory, Head of China and Head of Equity Capital Markets
Boustead Securities, LLC Managing Director
E-mail: dan@boustead1828.com
Phone: 949-502-4408

 

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. Statements that are not historical facts, including statements about AMTD’s beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in AMTD’s filings with the SEC. All information provided in this press release is as of the date of this press release, and AMTD does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

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