PYPL - U.S.-listed AMTD plans American IPO for Asian fintech business AMTD Digital

U.S.-listed Hong Kong financial firm AMTD International (HKIB) plans to partly spin off its Asian fintech unit AMTD Digital (HKD) via a New York Stock Exchange IPO.AMTD Digital filed an F-1 with the U.S. Securities and Exchange Commission to sell as much as $100M of stock, although that’s likely just a placeholder figure. The unit raised $285M last year at an undisclosed valuation.Plans call for AMTD Digital to trade on the New York Stock Exchange under the ticker symbol “HKD.”The company provided few other details in its F-1, such as exactly how many shares it plans to sell and at what price, as well as how many shares outstanding AMTD Digital will have after the initial public offering. That make calculating HKD’s valuation impossible.However, AMTD Digital is attempting to build a network of Asian online-banking services and other businesses and holds some potentially highly valuable assets.For instance, HKD and Chinese

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U.S.-listed AMTD plans American IPO for Asian fintech business AMTD Digital