On July 15, 2022, a little known Hong Kong digital bank – AMTD Digital: ticker HKD, debuted on the NYSE. After pricing at $7.80, it debuted at $13.00 on 15k shares traded: miniscule volume for an IPO that listed with a 16M share float. Within 2 weeks it ran to an absurd peak of $2,555.30, capturing the imaginations of day traders everywhere and sparking a frenzy in the marketplace, as recent low-float IPOs were pumped across a wide sector of stocks.

IPOs that had the fortune to debut in the wake of HKD’s massive run-up soared on speculation that they would become “the next HKD” – MGAM provided a decent imitation – debuting at $4.50 after pricing at $4.00, and running as high as $20.74 the following day, but at this point it appears to be just a flare-out that caught the tail winds of the HKD fervor, much like MAIA: a biotech IPO that under normal conditions would have tanked off the debut – which it did – only to recover and run hard the next day. BRSH offered a more muted version of MAIA, failing to reach the IPO price on a Day 2 rally. Suffice to say, we have yet to see “the next HKD”.

To understand why HKD ran as hard as it did, we need to understand the dynamics behind the runup. We should also recognize that it’s not the first time we’ve seen a Chinese-linked IPO get run to ridiculous highs. I’ve been trading these for nearly two years, and have made a small fortune on IPO debuts such as UTME, TIRX, CPOP, EJH, JCSE, GSUN, TOP, OST, and many others. There are also similar setups that have been pitfalls that debut at insane premiums and proceed to fall off a cliff: and SNTG and JZXN could have cut your pretty deep.

The article I wrote on the Stealth IPO setup back in May 2021 has received much attention, and the feedback I’ve received from people much higher up the food chain has been that I’m not necessarily wrong (and that they can’t really comment on it more than that).

Suffice to say, there are many different routes to the Stealth IPO debut – and trading the winning setups can provide a tremendous opportunity to land portfolio changing profits. I caught TIRX on the debut at $16 and it halted up to $17, a 3 hour halt later, I sold out on the open at $49.99. I also got into HKD on the debut at $13 and sold at $15 — so no, I’m not a fortune teller, but I can get in these low and have played or watched pretty much every IPO debut for the past 2 years.

Over the past 2 years, the IPO Warriors platform has grown from a single Reddit Post to a community of over 2000 Twitter followers, and 1200 recipients of the free weekly newsletter. Recently, we opened a Discord server with over 100 traders and I’m more than impressed (and happy) with the quality of the trades we’ve been nailing in the chat.

The IPO Warriors Premium Membership provides three key benefits:

• In-depth breakdowns of every IPO with trading strategy ideas and insights from my network of industry professionals.
• Access to live-streaming broadcasts including a weekly breakdown of upcoming IPOs, and live streams of featured IPO debuts – such as MEGL.
• Access to the Premium Member Discord room, where we discuss, answer questions, and live-chat during the IPO debuts.

For traders who want to give the IPO Warriors Premium Membership a try, and wish to receive the MEGL Trading Strategy Breakdown (which I will send out to Premium Members at 8:00 AM EST before market open on August 5, 2022), I am offering a special discount that you can lock in for the lifetime of your continued subscription.