Momenta launches Hong Kong IPO with GIC, Fidelity and BlackRock as cornerstone investors

Chinese autonomous driving company Momenta launched its Hong Kong public offering on June 29, with plans to list on the Hong Kong Stock Exchange’s main board under the ticker 6880.HK. The company is offering 19.94 million Class A ordinary shares at HK$295.60 each, aiming to raise about HK$5.89 billion ($751 million) before any over-allotment option is exercised. CICC and Deutsche Bank are joint sponsors of the listing.