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

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