Magic Empire Global Limited: Lessons From The Ashes [Seeking Alpha]
AMTD Digital Inc. (HKD)
Company Research
Source: Seeking Alpha
PeopleImagesMagic Empire Global Limited (NASDAQ:MEGLsitting on catastrophic losses. This article looks at this particular transaction and highlights multiple red flags. Hopefully, this will help investors identify and avoid these overhyped IPOs in the future.Company BackgroundMagic Empire Global Limited is a financial services firm based in Hong Kong. They primarily provide corporate finance advisory and underwriting services such as IPO sponsorship, financial advisory (mergers, acquisitions, and divestitures), underwriting (global coordinator, bookrunner, underwriter, etc.) and compliance advisory.Since the firm's establishment in 2016, MEGL has been the sole sponsor for 8 IPOs. In the 2020 and 2021, MEGL was engaged in 6 IPO mandates, 31 financial advisory mandates, 24 compliance advisory mandates, and 3 underwriting mandates.Hong Kong Capital Historically, Hong Kong has been known as an international financial hub and a gateway to access China. As of December 31, 2021, the Hong Kon
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HKD
News
- AMTD Digital Announces a New Share Repurchase ProgramBusiness Wire
- AMTD World Media And Entertainment Group Embraces Full Independent Board Structure, Ready For Its 2.0 Stage Of Development And Growth In The Global DomainBusiness Wire
- AMTD Digital Successfully Completed Its Share Repurchase Program [Yahoo! Finance]Yahoo! Finance
- AMTD Digital Successfully Completed Its Share Repurchase ProgramBusiness Wire
- AMTD Digital’s Entertainment and Movie Businesses Are Estimated to Contribute Significantly to Net ProfitBusiness Wire
HKD
Sec Filings
- 2/14/24 - Form SC
- 2/14/24 - Form 6-K
- 2/9/24 - Form 6-K
- HKD's page on the SEC website