Momenta (HK) Shares Rise 3% in $751 Million IPO Debut

Momenta, a Chinese autonomous-driving firm, saw its shares rise 3% upon debuting on the Hong Kong Stock Exchange. The company's initial public offering (IPO) raised HK$5.89 billion ($751 million), with shares priced at HK$295.60. Momenta is allocating 60% of net proceeds to enhance its core technology and 20% for the commercialization of robotaxi services. The company generated revenues of 2.41 billion yuan in 2025, a significant increase from 1.32 billion yuan in 2024. This debut highlights ongoing investor interest in the tech sector, which could signal opportunities for ordinary investors in related markets.