Momenta’s HK$5.89bn IPO: a physical-AI bet, not just ADAS
Momenta listed on the Hong Kong Stock Exchange on 8 July 2026, raising HK$5.89 billion in its initial public offering. Fourteen cornerstone investors, including Singapore’s GIC, Fidelity, Mercedes-Benz and BYD, took up nearly half the shares on offer, an unusual line-up that put a German luxury brand, a Chinese EV leader and a sovereign fund … Read more