On August 3, MOMENTA-W fell 4.56% in regular trading, trading at HK$250.0/share, with turnover of HK$1.1343 million.
On the news front, the company announced on August 2 that the stabilization price period for its global offering has expired. The overall coordinator did not exercise the over-allotment option during the stabilization period, and it lapsed on the same date. No A-class ordinary shares have been or will be issued thereunder. This marks the formal exit of the underwriter's price stabilization mechanism, removing floor support for the stock.
MOMENTA-W has been trading consistently below its IPO price of HK$295.6 since listing on July 8. The stock had already declined 9.31% on July 31 amid profit-taking following a series of positive developments including German L4 testing permits and Robovan deployment. With the stabilization mechanism now withdrawn, additional selling pressure has materialized as the stock trades approximately 15.4% below its offering price.
(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.)
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