Gold prices near 3-week lows as stronger dollar, trade progress weigh
SINGAPORE - Amber International Holding Limited (Nasdaq: AMBR), previously known as iClick Interactive Asia Group Limited, has announced the completion of its merger with Amber DWM Holding Limited and the start of trading its American Depositary Receipts (ADRs) on the Nasdaq Global Market under the ticker symbol "AMBR" today. The company has shown remarkable market performance, with InvestingPro data revealing significant returns over both the past week and year.
The merger, which was finalized on March 12, 2025, signifies a major step for Amber International as it positions itself as a global brand in the institutional digital asset finance sector. The company, operating under the brand name "Amber Premium," offers institutional and high-net-worth individuals a range of financial services and solutions in the digital asset space. According to InvestingPro analysis, AMBR maintains a strong financial position with cash holdings exceeding debt and liquid assets surpassing short-term obligations.
Amber International’s CEO, Wayne Huo, emphasized the importance of the Nasdaq listing, stating that it enhances the company’s transparency and credibility and underscores their commitment to providing secure and scalable financial solutions within the digital asset ecosystem. Michael Wu, Chairman of the Board of Amber International and CEO of Amber Group, highlighted the combination of Amber Group’s market expertise with Amber Premium’s institutional approach to create a robust financial infrastructure.
Looking ahead, Amber International plans to focus on four strategic pillars following its Nasdaq debut: enhancing trading and execution, expanding regulated investment offerings, deepening global institutional partnerships, and advancing regulatory and security standards. These initiatives aim to meet the growing demand for sophisticated services in the maturing digital asset industry.
The company’s legal counsel for the merger included Simpson Thacher & Bartlett LLP for Amber DWM and Cleary Gottlieb Steen & Hamilton LLP for iClick. International Elite Capital served as the communications advisor for Amber DWM.
Amber International, as a subsidiary of Amber Group, provides a regulated and scalable financial ecosystem for digital asset portfolio optimization. The availability of Amber Premium’s products and services is subject to regulatory approvals and jurisdictional restrictions.
This announcement includes forward-looking statements, which involve risks and uncertainties. Amber International has stated that it has no obligation to update these statements in light of new information or future events. The company’s expectations and projections are based on current market conditions and trends. While currently trading at a low revenue multiple, InvestingPro analysis indicates the company is not yet profitable, with analysts not anticipating profitability this year. Discover more insights and 6 additional ProTips by subscribing to InvestingPro.
In other recent news, iClick Interactive Asia Group Limited has announced significant developments regarding its merger with Amber DWM Holding Limited. The company is nearing the completion of this merger, after which it will trade on the Nasdaq Global Market under the new name "Amber International Holding Limited" and the ticker symbol "AMBR." This merger involves an Amendment, Waiver, and Framework Agreement designed to modify certain terms of the original merger plan. The merger’s completion is contingent upon regulatory approvals and asset restructuring, including acquiring WhaleFin Markets Limited and the assumption of contracts by a subsidiary of Amber DWM.
iClick has also received approval from Nasdaq for the post-merger listing of its American Depositary Shares (ADSs). The company expects the merger to be effective immediately, with trading under the new symbol "AMBR" to commence the following day. The Framework Agreement includes provisions for the completion of the DWM Asset Restructuring and the assumption of Sparrow Tech Private Limited as an indirect subsidiary of iClick. An intercompany services agreement has been established to ensure iClick receives the economic benefits of the merger while regulatory approvals are pending. This merger is anticipated to enhance iClick’s position in the digital wealth management sector, with Amber DWM operating under the business brand Amber Premium.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.