MOMENTA-W's stock soared 5.01% during intraday trading on Wednesday, marking a strong debut for the autonomous driving technology company on the Hong Kong Stock Exchange.

The surge follows the company's highly successful initial public offering, which saw overwhelming demand from investors. The Hong Kong public offering portion was oversubscribed by a staggering 414 times, while the international offering was oversubscribed approximately 20 times. This strong investor appetite was driven by the company's position as a leader in the physical AI and autonomous driving sector.

The stock commenced trading above its final offer price of HK$295.60 per share, reflecting the market's positive reception to the IPO. The listing attracted significant global long-term capital, with cornerstone investors including prominent institutions such as GIC, Fidelity International, BlackRock, and Mercedes-Benz, demonstrating broad confidence in the company's growth prospects in the autonomous driving industry.