Momenta, “the first AI company in the physical world,” has gone public, with its market capitalization briefly exceeding 70 billion Hong Kong dollars

Svmuu News: Momenta, dubbed “the first AI company specializing in physics,” has completed its listing on the Hong Kong Stock Exchange. The IPO was priced at 295.6 Hong Kong dollars per share, with the public offering oversubscribed 414 times. The stock opened slightly higher, and its market capitalization briefly exceeded 70 billion Hong Kong dollars. Assuming the “green shoe” (over-allotment option) is exercised in full, the global offering will consist of approximately 22.93 million shares, raising a total of about 6.8 billion Hong Kong dollars. Additionally, according to disclosures by ZhenFund, Momenta announced that the number of units in its mass-production business has surpassed 1 million.