AMTD acted as underwriter for Xiaomi Hong Kong IPO
AMTD International served as a joint lead underwriter for Xiaomi's 2018 public offering, the first Hong Kong listing to utilize a weighted voting rights structure.
In July 2018, AMTD International participated in the initial public offering of Xiaomi Corporation on the Main Board of the Hong Kong Stock Exchange. The firm served as a joint lead underwriter and joint bookrunner for the issuance.
The listing represented a significant shift for Hong Kong capital markets, as it was the first stock to debut under the city's newly introduced weighted voting rights (WVR) structure. This regulatory change was designed to accommodate technology companies that prioritize dual-class share structures.
AMTD’s involvement in the transaction underscored its position in the regional investment banking sector. The IPO served as a testing ground for Hong Kong's revised listing rules, which aimed to sustain the city's competitiveness as a global venue for large-scale technology listings.