GIC-backed self-driving firm Momenta seeks US$752 mil from Hong Kong listing

Dave Sebastian, Julia Fioretti & Haze Fan / Bloomberg06-29

Momenta's shares are slated to start trading on July 8. (June 29): Autonomous-driving firm Momenta Global Ltd started taking investor orders for its Hong Kong initial public offering (IPO) to raise HK...

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(June 29): Autonomous-driving firm Momenta Global Ltd started taking investor orders for its Hong Kong initial public offering (IPO) to raise HK...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/ipo/gic-backed-self-driving-firm-momenta-seeks-us752-mil-hong-kong-listing?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GIC-backed self-driving firm Momenta seeks US$752 mil from Hong Kong listing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGIC-backed self-driving firm Momenta seeks US$752 mil from Hong Kong listing\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-06-29 09:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/ipo/gic-backed-self-driving-firm-momenta-seeks-us752-mil-hong-kong-listing?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Dave Sebastian, Julia Fioretti & Haze Fan / Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Momenta's shares are slated to start trading on July 8. (June 29): Autonomous-driving firm Momenta Global Ltd started taking investor orders for its Hong Kong initial public offering (IPO) to raise HK...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/ipo/gic-backed-self-driving-firm-momenta-seeks-us752-mil-hong-kong-listing?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IPO","symbol_name":"Renaissance IPO ETF","start_time":0,"source_url":"https://www.theedgesingapore.com/news/ipo/gic-backed-self-driving-firm-momenta-seeks-us752-mil-hong-kong-listing?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2647307115","we_media_id":null,"thumbnails":[],"rights":{"source":"edge_highlight","url":"https://www.theedgesingapore.com/news/ipo/gic-backed-self-driving-firm-momenta-seeks-us752-mil-hong-kong-listing?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2647307115","pubTimestamp":1782697066,"columns":[],"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"Momenta's shares are slated to start trading on July 8. ","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IPO":"Renaissance IPO ETF","GIC":"Global Industry Company","BK4104":"贸易公司与经销商"},"translate_title":"GIC支持的自动驾驶公司Momenta寻求香港上市融资7.52亿美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IPO":1,"GIC":1.5},"content_text":"Momenta's shares are slated to start trading on July 8. (June 29): Autonomous-driving firm Momenta Global Ltd started taking investor orders for its Hong Kong initial public offering (IPO) to raise HK$5.9 billion (US$752 million or $973 million), pouncing on a multiyear high for share sales in the city. \nThe Suzhou-based company, which is backed by General Motors Co and Tencent Holdings Ltd, is offering about 19.9 million shares at HK$295.60 each, according to its listing document dated Monday. At that price, the company would be valued at the equivalent of nearly US$9 billion, it said. \nWith a guaranteed allocation in exchange for holding IPO shares for at least six months, 14 cornerstone investors are snapping up Momenta shares worth nearly US$376 million. They include Singapore wealth fund GIC Pte Ltd, asset managers Fidelity International Ltd and BlackRock Inc, and carmaker Mercedes-Benz Group AG, confirming an earlier Bloomberg News report. \nFounded in 2016, Momenta supplies technology for mass-produced vehicles and robotaxi services. It is following other self-driving firms including Pony AI Inc and WeRide Inc in tapping Hong Kong's capital markets to support development.\nMomenta's shares are slated to start trading on July 8. It plans to use proceeds from the IPO for research and development, scaling its robotaxi business, strengthening its mass-produced vehicles operations and funding working capital and general corporate purposes. \nHong Kong's market for first-time share sales has been on a tear thanks to high-tech debutants like AI firms. Bloomberg Intelligence expects the city's listing proceeds to top US$43 billion in 2026, which would be a six-year high.\nChina International Capital Corp and Deutsche Bank AG are leading Momenta's IPO.\nIn strong Hong Kong debuts on Monday, Baige Online Digital Technology Co soared more than 300%, while Alebund Pharmaceuticals Jiangsu Ltd and Crealights Technology Co also jumped. \nUploaded by Tham Yek Lee","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.45.2","shortVersion":"4.45.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2647307115","isCrawlerRequest":true}