"We are not aware of any material changes in circumstances, events or other matters relating to our business that have occurred since the IPO," AMTD Digital said in an Aug. 2 press release.
A justification is being sought for the almost rapid development of the share price of the Hong Kong software developer, which went public on July 15 in New York.
Rank 13 of the most valuable companies
On that day in July, the company placed 16 million depositary receipts on Wall Street at a price of $7.80.
On August 2, the price of the bills reached a temporary high of $ 2550.30.
That means a price increase of 32,696 percent within two weeks.
On the same day, it ranked the company as the 13th most valuable company in the world with a market cap of $386.7 billion.
That made it more valuable than oil company Exxon Mobil, the Walt Disney Corporation, or retailer Walmart.
The price-to-earnings (P/E) ratio of the notes was 13,160. That means it took the company 13,160 years at its current earnings per share to "pay" the price of a share.
In the meantime, the price has fallen back to around 1100 dollars, which, measured by the IPO,