Raising about HKD 6.8 billion in a heavily subscribed offering, the company is pitching its world model as the foundation for physical AI applications.

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.

Startup with 9 of world's top 10 carmakers as clients raises over $750m in IPO