- AMTD Digital ( NYSE: HKD ) saw its shares surge more than 28% Tuesday as the Hong Kong-based developer of digital platforms continued on its post-IPO roller coaster ride.
- AMTD ( HKD ), which designs online platforms for several industries, including financial services, media, and content and marketing, closed the day at $56.31 a share. The company just went public on July 15 when it raised $125M in the largest IPO of a Chinese company in New York this year.
- However, AMTD ( HKD ) has already experienced the whipsaw effects that can be come with being a newly traded public company. While AMTD's ( HKD ) shares rocketed north on Tuesday, those same shares fell by 35% on Monday.
- The company has shown signs of rising margins, but its declining sales growth has raised some concerns on Wall Street .
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Why did AMTD Digital shares climb almost 29% Tuesday? The post-IPO roller coaster