Momenta

Chinese autonomous driving firm Momenta debuted on the Hong Kong stock exchange on Wednesday, rising 3% in its debut.

Momenta, backed by General Motors, is set to debut in Hong Kong following a $752 million IPO. The event will take place at the Exchange Square Complex in Hong Kong.

Chinese autonomous-driving start-up Momenta's HK$5.89 billion Hong Kong IPO was oversubscribed 414 times, attracting 210,000 subscription applications despite competing with five other IPOs. The Suzhou-based company's bookbuilding closed on Friday.

Chinese autonomous-driving start-up Momenta's HK$5.89 billion initial public offering in Hong Kong was oversubscribed 414 times, attracting nearly 210,000 subscription applications despite competing with five other IPOs. The company, based in Suzhou, closed its bookbuilding process on Friday.

Chinese self-driving technology start-up Momenta is raising HK$5.89 billion (US$751 million) through an IPO on the Hong Kong stock exchange, offering nearly 19.94 million shares at HK$295.60 per share. The bookbuilding, sponsored by CICC and Deutsche Bank, closes on Friday ahead of a scheduled trading debut.

Momenta, a self-driving firm backed by General Motors, is seeking $752 million through a Hong Kong listing.

GM-backed self-driving firm Momenta is reportedly nearing a Hong Kong IPO. The company specializes in autonomous vehicle technology and has secured financial support from General Motors.

Momenta, a Chinese self-driving technology startup, received regulatory approval from Beijing to list in Hong Kong through its Cayman Islands entity, Momenta Global Limited. This follows a four-month gap since the last similar approval, amid rumors of tightened vetting to prevent asset outflows.

Chinese autonomous-driving start-up Momenta is advancing toward a Hong Kong IPO after a US listing setback, with China's securities regulator approving the proposed share sale. This follows a trend of Chinese intelligent-driving firms seeking funding for research, development, and expansion.