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China's Momenta kicks off Hong Kong IPO, targets up to $751 million

June 29, 2026
Source: economictimes.indiatimes.com economictimes.indiatimes.com
News Snapshot:
Chinese self-driving technology firm Momenta Global launched its Hong Kong initial public offering on Monday, seeking to raise up to HK$5.89 billion ($751.1 million), according to its prospectus.The launch confirms a Reuters report ?last week that ?Momenta planned ?to start the IPO this week and begin trading on July 8.The IPO comes as Chinese technology ?firms are returning to public markets, helped by investor demand for companies tied to AI, chips and ?automation. Beijing has also pushed home-grown technology as competition with the United States intensifies.China's Momenta is offering 19.9 million shares at HK$295.60 each, according to the exchange filing.It...
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