AMTD Assists Wanka Online in Hong Kong Stock Exchange IPO

AMTD International Inc. has completed its role as joint bookrunner and joint lead manager for the Initial Public Offering (IPO) of Wanka Online Inc., which listed on the Mainboard of the Hong Kong Stock Exchange (HKEX) on December 21, 2018.

Wanka Online, a technology company in China's mobile internet market, raised approximately US$35 million before the exercise of the over-allotment option. The company provides content distribution services for Android-based smartphones, connecting businesses with hundreds of millions of users in China. Its services include mobile advertising, online video distribution, and game co-publishing.

This listing marked AMTD's 17th IPO issuance of 2018. The company has previously assisted other new economy companies, such as Xiaomi and Meituan Dianping, in their international capital market debuts, many of which utilized weighted voting right (WVR) structures.

AMTD has stated its commitment to acting as a "super-connector" between leading FinTech and internet companies and Asian capital markets. The firm has supported various technology companies in their IPOs in Hong Kong and the US since 2016.