MomentaMóméng tǎ摩蒙塔Hong KongXiānggǎng香港listedshàngshì上市fundraisingróngjī融资$752 million7.52 yì měiyuán7.52亿美元
July 12, 2026 at 7:15 PM
New Words
News in English
BusinessChinese Autonomous Driving Firm Momenta Debuts on Hong Kong Stock Exchange with 752 Million Fundraise
Momenta Global Ltd. officially listed on the Hong Kong Stock Exchange on July 8, 2026. The autonomous driving company raised 752 million dollars at a valuation of 9 billion dollars with exceptional investor demand.
Momenta Global Ltd. officially began trading on the main board of the Hong Kong Stock Exchange on July 8, 2026, under ticker code 06880.
The autonomous driving company priced its initial public offering at HK$295.60 per share, issuing approximately 19.94 million shares and raising HK$5.9 billion (approximately $752 million USD).
Momenta valuation following its listing exceeds HK$70 billion (approximately $9 billion USD), making it the first physical AI-focused company to list in Hong Kong.
The IPO received exceptional investor interest, attracting more than 200,000 subscription applications with 414x oversubscription.
Singapore Government Investment Corporation, Fidelity International and BlackRock participated, along with more than a dozen other top-tier institutions.
Major automakers including Mercedes-Benz Group AG also committed to significant investments in the offering.
Momenta specializes in developing autonomous driving technology and physical artificial intelligence applications.
The company plans to deploy IPO proceeds toward expanding research and development teams and accelerating commercialization.
The Hong Kong listing demonstrates growing international capital confidence in Chinese autonomous driving technology and innovation.
This IPO marks the sustained wave of Chinese technology company fundraising in international capital markets.
Momenta shares rose approximately 6.5% on its first trading day following the listing.
Following its public listing, Momenta plans to accelerate the commercial deployment of its autonomous driving platform.
More in Business
artificial intelligenceréngōng zhìnéng人工智能revenue / incomeshōurù收入prospects / outlookqiánjǐng前景to trigger / to causeyǐnfā引发doubts / questionsyíwèn疑问，semiconductorbàndǎotǐ半导体stock pricegǔjià股价fromcóng从Octobershí yuè十月peak / high pointgāodiǎn高点to retreat / to fall backhuíluò回落。
AI Revenue Uncertainty Pulls Semiconductor Stocks Off October Highs
United StatesMěiguó美国stock marketgǔshì股市Fridayzhōuwǔ周五strongly / with forceqiángshì强势to rebound / to rallyfǎntán反弹，Dow Jones IndexDào Zhǐ道指gained more thanzhǎng chāo涨超400 points400 diǎn400点，to end / to concludejiéshù结束volatile / turbulentdòngdàng动荡(particle)de的one weekyī zhōu一周。
US Stocks Cap Volatile Week With Strong Friday Rally as Dow Gains Over 400 Points
internationalguójì国际oil pricesyóujià油价to maintain / to sustainwéichí维持high level / elevated levelgāowèi高位，Nasdaq (stock exchange)Nàsīdákè纳斯达克indexzhǐshù指数Thursdayzhōusì周四to close lower / to finish downshōu diē收跌1.3 percentbǎifēnzhī yī diǎn sān1.3%。
Nasdaq Slides 1.3 Percent as Brent Oil Holds Above 100 Dollars
OPECŌu pèi kè欧佩克to announcexuān bù宣布Novembershí yī yuè十一月oil / petroleumshí yóu石油output / productionchǎn liàng产量to maintain / to keepbǎo chí保持unchangedbù biàn不变。
OPEC Announces November Oil Output to Remain Unchanged