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After Ho-Hum Pricing, AMTD Digital Storms Out Of The Gate In U.S. Trading Debut
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As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:BloodSouthern2098 - 916 upvotes -
sourceAMTD IDEA owns 88% they are simply just illegally manipulating the price, AMTD just went up 90% with 12k volume so it’s all a scam, it will be rug pulled soon.
tyroswork - 137 upvotes -
sourceFrom their overview page: "Fusing synergistically all elements within the AMTD SpiderNet ecosystem using digital means, harnessing and magnifying the power from each partner to create a force with meaningful and influential social, technological, and economic impact." Sounds like something that came out of a [corporate bullshit generator](http://pasta.phyrama.com:8083/cgi-bin/live.exe) No way this is a real company.
ShortChecker - 124 upvotes -
sourceSEC Investigation Report: We could not find any proof of stock manipulation from AMTD Digital, which is owned by one of China’s largest conglomerate and to which had a share increase of 5,000% from when it had IPO 14-days previously, to which the company only owns a small percentage of 88% of the shares outstanding through a subsidiary called AMTD IDEA. We have determined that there was no criminal misconduct to be found.
DoesntCheckOutUname - 64 upvotes -
sourceCongrats AMTD Digital ($HKD) becomes the 80th largest company in the world by market cap. 2 weeks after IPO.
hirme23 - 24 upvotes -
sourceIs that why amtd is up 100% after hour lmaoooo
SecureDropTheWhistle - 23 upvotes -
sourceAMTD is the parent company of HKD. Let that sink in, the parent company is trading at $4 while it's child company is mooning
DoesntCheckOutUname - 18 upvotes -
sourceThere is AMTD IDEA GROUP ($AMTD) and AMTD DIGITAL INC. ($HKD). We're talking about $HKD. So be careful with your moves.
detractifyy - 14 upvotes -
sourceBruh I bought Amtd at 1.60 then sold for 3.20 yesterday now it’s at $13🤧
DoesntCheckOutUname - 11 upvotes -
sourceThe amount of retard FOMO into $AMTD is amusing.
iluvlatinacheeks - 9 upvotes -
sourceI told you fuckers AMTD fuck!!! 🚀🚀🚀