For a former banker facing a two-year ban by Hong Kong’s financial watchdog, Calvin Choi is riding high.
Two weeks after the founder of AMTD Digital rang the opening bell on the New York Stock Exchange floor, his obscure Hong Kong-based financial services company made history. It had the fastest ever share price rise of a US-listed company after an initial public offering, according to data from Dealogic.
After listing at $7.80 on July 15, AMTD Digital shares hit $400 on July 29, a record meteoric rise of more than 5,000 per cent. From there, the stock kept rising, touching a peak of $1,679 in August.
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