GM-Backed Momenta Set for Hong Kong Debut After $752 Million IPO
Momenta Global Ltd., a Chinese autonomous-driving firm, is set to begin trading in Hong Kong on Wednesday after raising HK$5.9 billion ($752 million) in an initial public offering, testing market...
By Charlotte Yang · Bloomberg Markets
Momenta Global Ltd., a Chinese autonomous-driving firm, is set to begin trading in Hong Kong on Wednesday after raising HK$5.9 billion ($752 million) in an initial public offering, testing market appetite for loss-making firms that offer promising technologies.