EVsTechmemeabout 1 hour ago
Momenta Rises 6% in Hong Kong Trading Debut
1 min read
Chinese autonomous-driving company Momenta rose 6% in its Hong Kong trading debut, reaching HK$313 per share and a market cap of HK$73.6 billion. The IPO attracted over HK$100 billion in institutional orders and was oversubscribed 413.6 times. Fourteen cornerstone investors, including GIC, Fidelity, BlackRock, and Mercedes-Benz, subscribed for roughly HK$3 billion in shares.
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