Is RGC the next HKD A recent stock that has gone to the moon since its mid-July 2022 IPO is a company founded by Mr. Li Ka-Shing’s Cheung Kong Group and Hutchison Whampoa in 2003, AMTD Digital (NYSE:HKD). HKD’s IPO price was $7.80 and has gained over 9,000% since, closing at $742.00 on August 1, 2022.
* as of this post, HKD had more than 21,000% gains since its IPO.
RGC and HKD have some similarities between them.
- They are both founded by individuals who believe in philanthropy and giving back to society.
- Listed in mid-July and is based in Hong Kong.
- RGC is the top performing 2021 IPO (as at 2 Aug 2021).
- HKD is the top performing 2022 IPO (as at 2 Aug 2021).
- Has a low float.
Although RGC is the #1 performer of 2021 IPOs, this pales in comparison with the current performance of HKD. Only time will tell if RGC achieves similar heights, but the similarities seem interesting.
https://www.benzinga.com/amp/content/28316977