On July 8, Momenta (stock code: 6880.HK), a company specializing in embodied AI, made its official listing on the main board of the Hong Kong Stock Exchange. It has earned the distinction of being the "first embodied AI stock" and the inaugural special technology firm in the Hong Kong stock market to concentrate on the large-scale deployment of intelligent driving, with world models as its cornerstone. The final IPO offering price was established at HKD 295.6 per share, and the stock price climbed following the opening bell. During intraday trading, the stock experienced a surge exceeding 6%, with its total market capitalization consistently surpassing HKD 70 billion. Based on the placement results, assuming the full exercise of the "greenshoe" option, roughly 22.93 million shares were offered globally, amassing a total of approximately HKD 6.8 billion. The market's response to the subscription was fervent. The public offering portion was oversubscribed by a factor of 414, while the international offering portion attracted institutional orders surpassing HKD 100 billion. These orders came from sovereign and long-term funds hailing from 15 countries and regions, culminating in an overall oversubscription of approximately 44 times. This IPO featured an impressive array of 14 institutional cornerstone investors, with cornerstone subscriptions totaling around HKD 3 billion. The day prior to the listing, Momenta revealed that the scale of its mass-produced business deployments had exceeded 1 million units.