Press Release

AMTD International Inc. Announces Pricing of Initial Public Offering

Company Release - 8/4/2019 7:00 PM ET

NEW YORK--(BUSINESS WIRE)-- AMTD International, Inc. (NYSE:HKIB) (“AMTD” or the “Company”), a subsidiary of AMTD Group, a premier Hong Kong-headquartered financial institution, Asia’s No. 1 independent investment banking firm1 and the largest independent asset management firm in Asia for PRC regional banks and new economy companies2, announced the pricing of its initial public offering of 20,759,700 American depositary shares (“ADSs”) at a price to the public of US$8.38 per ADS on August 2, 2019. In addition, the Company has granted the underwriters a 30-day option to purchase up to an aggregate of 3,113,955 additional ADSs from the Company to cover over-allotments. The total gross proceeds of the offering are expected to be approximately US$200 million if the underwriters choose to exercise their over-allotment option in full.

The listing represents the first Hong Kong home-grown financial institution and the first Asian independent investment banking firm to list on the New York Stock Exchange (“NYSE”).

The ADSs are expected to commence trading on the NYSE on August 5, 2019 under the ticker symbol “HKIB.” The transaction is expected to close on August 7, 2019, subject to customary closing conditions.

The Company intends to utilize the net proceeds from the public offering to invest in AMTD’s business and infrastructure expansion, fund potential acquisitions and investments, and use the remainder for general corporate purposes.

AMTD Global Markets Limited and Loop Capital Markets LLC. are the lead underwriters of this offering, with the support of other underwriters.

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. When available, copies of the final prospectus relating to the offering may be obtained by contacting:

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 AMTD International, Inc.

AMTD International Inc. (NYSE:HKIB) is a premier Hong Kong-headquartered financial institution, Asia’s No. 1 independent investment banking firm1 and largest independent asset management firm in Asia for PRC regional banks and new economy companies2, connecting companies and investors from Hong Kong and China with global capital markets. Its comprehensive one-stop financial service solutions strategy addresses different clients’ complex and inter-connected financial needs across all phases of their life-cycle. Leveraging its deep roots in Asia and its network – the “AMTD SpiderNet” – the Company is uniquely positioned as an active super-connector between clients, business partners, investee companies and investors. For more information, please visit or follow us on Twitter at “@AMTDGroup”.

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.

1 As measured by both the number and the aggregate offering size of Hong Kong and U.S. IPOs completed in each of 2018 and the first quarter of 2019
2 As measured by AUM as of March 31, 2019

Sard Verbinnen & Co
Robert Rendine/Liz Zale
+1 212.687.8080

Ron Low/Naomi Dryden
+852 3842 2200

Source: AMTD International, Inc.