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Robotaxi Firm Momenta Priced at Top of Range
7 Jul
Summary
- Momenta Global priced its Hong Kong listing at the top end.
- The company aims to raise HK$5.89 billion ($751.02 million).
- This IPO joins a trend of tech listings in Hong Kong.
Chinese robotaxi firm Momenta Global is set to raise HK$5.89 billion, or $751.02 million, through its Hong Kong listing. The company announced that its initial public offering was priced at the highest end of its marketed range.
This move by Momenta Global aligns with a broader trend of technology firms actively listing in Hong Kong. The city's capital markets have seen a resurgence with these tech IPOs, attracting significant investment and indicating a positive environment for new market entrants.
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