Market Chatter: General Motors-Backed Momenta Global to Weigh Investor Interest in Hong Kong IPO

MT Newswires Live06-23

General Motors-backed (GM) Momenta Global will start weighing investor interest in its initial public offering in Hong Kong, Bloomberg reported Tuesday, citing sources familiar with the matter.

The company filed the paperwork on Tuesday, but details could still change as deliberations continue, sources told the news outlet. Momenta has already received clearance from the Hong Kong stock exchange for the stock offering, Bloomberg added.

Momenta did not immediately respond to MT Newswires' request for a comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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