"Physical AI First Stock" Momenta Completes IPO, Market Cap Once Exceeds HKD 70 Billion

Odaily Planet Daily News "Physical AI First Stock" Momenta has completed its IPO and landed on the Hong Kong Stock Exchange. The IPO issue price was HKD 295.6 per share. The public offering portion received an oversubscription of 414 times. The stock opened with a slight increase, and its market capitalization once exceeded HKD 70 billion. Assuming the "greenshoe" (over-allotment option) is fully exercised, this global offering amounts to approximately 22.93 million shares, with total funds raised reaching about HKD 6.8 billion. Additionally, according to ZhenFund's disclosure, Momenta announced that the scale of its mass production business deployment has exceeded 1 million units.