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AMTD Digital Subsidiary TGE Prices and Lists First SPAC on NYSE

Story Highlights
  • AMTD Digital’s subsidiary TGE priced its first SPAC IPO on the NYSE on December 19, 2025, raising $150 million through oversubscribed units aimed at media and entertainment-related acquisitions.
  • The successful TGE Value Creative Solutions listing marks the initial execution of TGE’s SPAC-led expansion strategy to extend its platform and generate synergies and value for shareholders across adjacent sectors.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
AMTD Digital Subsidiary TGE Prices and Lists First SPAC on NYSE

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An announcement from AMTD Digital, Inc. Sponsored ADR ( (HKD) ) is now available.

On December 19, 2025, AMTD Digital Inc. announced that its subsidiary The Generation Essentials Group successfully priced and listed its first sponsored SPAC, TGE Value Creative Solutions Corp, on the New York Stock Exchange. The SPAC’s initial public offering comprised 15 million units at $10.00 per unit, each unit consisting of one Class A ordinary share and one-half of a redeemable warrant, with trading commencing on December 19, 2025 under the ticker “BEBE U” and the underlying securities expected to trade separately as “BEBE” and “BEBE WS.” The deal was oversubscribed and allocated to reputable investors, underscoring strong market interest in TGE’s SPAC initiative and providing fresh capital to pursue acquisitions primarily in media, digital media, entertainment, high fashion, lifestyle, culture, and gaming sectors, aligned with TGE’s core business. The listing marks the first execution step in TGE’s SPAC-based expansion and acquisition strategy, first outlined in July 2025, and is intended to extend the group’s platform and create accretive synergies and shareholder value across its media and entertainment-focused portfolio.

The most recent analyst rating on (HKD) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on AMTD Digital, Inc. Sponsored ADR stock, see the HKD Stock Forecast page.

Spark’s Take on HKD Stock

According to Spark, TipRanks’ AI Analyst, HKD is a Neutral.

The overall stock score of 44 reflects significant financial challenges, including declining revenue and high leverage, which are the most impactful factors. Technical analysis indicates a bearish trend, further contributing to the low score. The absence of valuation metrics adds uncertainty, while the lack of earnings call and corporate events data limits the analysis.

To see Spark’s full report on HKD stock, click here.

More about AMTD Digital, Inc. Sponsored ADR

AMTD Digital Inc. (NYSE: HKD) is a France-headquartered comprehensive digital solutions platform, operating across digital media, content and marketing services, investments, and hospitality and VIP services. Through its subsidiary The Generation Essentials Group (TGE), jointly established with AMTD Group and AMTD IDEA Group, the wider AMTD ecosystem focuses on global multi-media, entertainment, cultural affairs, and premium properties, and also acts as a sponsor and manager of special purpose acquisition companies (SPACs).

Average Trading Volume: 5,872,273

Technical Sentiment Signal: Sell

Current Market Cap: $427.4M

See more insights into HKD stock on TipRanks’ Stock Analysis page.

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