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Global Market: Momenta Global debuts nearly flat in Hong Kong after $751 million IPO
Momenta Global shares debuted on the Hong Kong Stock Exchange with a muted reception. The autonomous-driving software developer raised HK$5.89 billion in its initial public offering. Investor sentiment remains cautious despite strong cornerstone backing from major firms. The company plans to use IPO proceeds for research and expansion. Momenta's listing is a gauge for Chinese AI and technology firm investor demand.
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cryptobriefing.com
Momenta begins trading in Hong Kong after raising $752M in IPO
Momenta raised $752 million in its Hong Kong IPO, valuing the autonomous driving software company at nearly $9 billion with backing from GIC and Fidelity.
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asia.nikkei.com
Toyota-backed Chinese self-driving unicorn Momenta hits Hong Kong market
Startup with 9 of world's top 10 carmakers as clients raises over $750m in IPO
