Momenta Launches Share Offering Today
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Author:小编   

On June 29, Momenta, a company specializing in physics-based artificial intelligence, unveiled its global prospectus and formally commenced its share offering process. It aims to list on the Hong Kong Stock Exchange under the stock code '6880', potentially earning the distinction of being the 'pioneer physics AI stock'. In this Initial Public Offering (IPO), Momenta is offering a total of 19,938,300 shares worldwide. Of these, 1,993,840 shares, or 10% of the total, are earmarked for Hong Kong, while the remaining 17,944,460 shares, constituting 90%, are designated for international investors. Furthermore, the offering incorporates a 15% greenshoe (over-allotment option) provision, allowing for additional shares to be issued if demand exceeds initial expectations. The definitive listing price has been established at HKD 295.6 per share, with the anticipated total funds raised amounting to approximately HKD 5.89 billion, contingent upon the non-exercise of the greenshoe option.