88Z AI, 8 July — Momenta listed on the HKEX under code 6880.HK. Its opening price rose over 6% on the first day, pushing the market cap above HK$70 billion. The company raised about HK$6.8 billion, with public offering oversubscribed 414 times and participation from 14 cornerstone investors including GIC and Fidelity.
At a glance
- Momenta's HK shares rose over 6% at opening, with market cap exceeding HK$70 billion
- Public offering was 414 times oversubscribed, with 14 cornerstone investors including GIC and Mercedes-Benz
The update
Physical AI company Momenta officially listed on the Hong Kong Stock Exchange under the stock code 6880.HK, hailed as the first stock in the physical AI sector. It showed strong performance on the first day, with an opening gain of over 6%, pushing its total market capitalization beyond the HK$70 billion mark. The IPO raised approximately HK$6.8 billion, and market response was enthusiastic, with the public offering portion oversubscribed by 414 times. To ensure a smooth listing, Momenta brought in 14 top-tier cornerstone investors for support. These prominent institutions include GIC, Fidelity International, automotive giant Mercedes-Benz, and BYD. This strong investor lineup demonstrates high recognition and confidence from the capital market in the company's development prospects in the field of physical AI.
Sources & editorial note
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