MOMENTA Global Limited (stock short name: MOMENTA-W) has priced its Hong Kong initial public offering at HK$295.60 per Class A ordinary share, issuing 19.94 million shares and securing gross proceeds of HK$5.89 billion. After estimated listing expenses of HK$237.90 million, net proceeds amount to HK$5.66 billion.

The Hong Kong Public Offering of 1.99 million shares was 413.63 times subscribed, generating 209,045 valid applications and 58,585 successful applicants. The International Offering of 17.94 million shares was 20.31 times subscribed across 239 placees. An over-allocation of 2.99 million shares has been reported and may be covered through the 15% over-allotment option or market purchases.

Fifteen cornerstone investors, led by GIC and Fidelity International, collectively subscribed for 9.96 million shares—49.95% of the offer—subject to a six-month lock-up. Mercedes-Benz AG, an existing shareholder, took 0.66 million shares, while other notable cornerstone investors include BlackRock, Oaktree and CPIC.

Shareholding is concentrated: the largest single placee took 3.71 million shares (20.68% of the International Offering), and the top 25 placees held 17.01 million shares (94.82%). Post-listing, public investors will control approximately 97.27% of the issued Class A shares, comfortably above the 10% free-float requirement.

Lock-up periods are in place for key stakeholders. Controlling shareholders—holding 29.33 million Class B shares and 5.63 million Class A shares—face staggered six- and twelve-month restrictions. All existing shareholders as of the prospectus date have a six-month lock-up on 186.27 million Class A shares, while cornerstone investors are similarly restricted for six months.

Trading of MOMENTA-W shares is scheduled to commence on the Stock Exchange of Hong Kong at 9:00 a.m. on 8 July 2026 in board lots of 20 shares under stock code 06880.