'First Physical AI Stock' Momenta Goes Public with a Market Value Exceeding HKD 70 Billion

According to Deep Tide TechFlow, on July 8, 'First Physical AI Stock' Momenta completed its IPO and was listed on the Hong Kong Stock Exchange. The IPO price was HKD 295.6 per share, with the public offering portion oversubscribed by 414 times. The stock opened with a slight increase, bringing the market value to over HKD 70 billion. Assuming the full exercise of the 'green shoe' (over-allotment option), approximately 22.93 million shares were globally offered, raising a total of about HKD 6.8 billion. Additionally, according to ZhenFund's disclosure, Momenta announced that the scale of its mass production business has surpassed 1 million units.