On July 8, MOMENTA-W rose 3.25% in regular trading on its listing debut, trading at HK$296.0 per share, with turnover of HK$629 million. The stock opened higher at HK$301 before settling near current levels.

The movement is driven by the company's blockbuster IPO reception. The Hong Kong public offering was oversubscribed 413.63 times, while the international tranche attracted over HK$100 billion in institutional orders, with long-only fund subscriptions exceeding 15 times. The company priced its IPO at HK$295.60 per share, raising net proceeds of approximately HK$5.656 billion through the issuance of 19.94 million shares. A lineup of 14 cornerstone investors committed approximately HK$3 billion, including sovereign wealth funds, global long-only asset managers such as GIC and Fidelity International, and strategic partners including Mercedes-Benz and BYD.

As the self-described first Physical AI stock, MOMENTA is a leading autonomous driving company. Its mass-production solutions have been deployed in over one million vehicles across more than 210 awarded vehicle models. Revenue grew from RMB 743 million in 2023 to RMB 2.413 billion in 2025, with gross margin expanding from 17.5% to 71.6%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)