AMTD Group is looking to spin off its digital financial services arm, which counts Maoyan Entertainment as an investor, through an initial public offering in the United States.
AMTD Digital, a digital financial services subsidiary of China-based investment bank AMTD Group, has filed to raise $100m in an initial public offering that would enable ticket booking platform Maoyan Entertainment to exit.
In December 2019, AMTD Digital was established as a holding company for AMTD Group’s digital financial services, SpiderNet ecosystem, digital media and marketing and digital investment business.
AMTD Digital’s portfolio includes two Singapore-based entities: digital insurance platform PolicyPal and digital financing platform Funding Societies. It reported…
