Chinese autonomous driving company Momenta saw a muted trading debut in its Hong Kong IPO, valuing the company at ~$9B, after raising $751M (Jiahui Huang/Wall Street Journal)

Techmeme ·

Momenta raised $751M in its Hong Kong IPO, valuing the autonomous driving company at about $9B.

Categories: Money & Moves

Excerpt

<a href="https://www.wsj.com/business/autos/gm-backed-momenta-makes-muted-hong-kong-debut-after-751-million-ipo-ff6e1bee?st=1sybBg&amp;reflink=desktopwebshare_permalink"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260708/i31.jpg" vspace="4" /></a> <p><a href="https://www.techmeme.com/260708/p31#a260708p31" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> Jiahui Huang / <a href="https://www.wsj.com/">Wall Street Journal</a>:<br /> <span style="font-size: 1.3em;"><b><a href="https://www.wsj.com/business/autos/gm-backed-momenta-makes-muted-hong-kong-debut-after-751-million-ipo-ff6e1bee?st=1sybBg&amp;reflink=desktopwebshare_permalink">Chinese autonomous driving company Momenta saw a muted trading debut in its Hong Kong IPO, valuing the company at ~$9B, after raising $751M</a></b></span>&nbsp; &mdash;&nbsp; Momenta's subdued start belied its strong investor demand&nbsp; &mdash;&nbsp; General Motors-backed Momenta's Hong Kong initial public offering &hellip; </p>

Read at source: https://www.techmeme.com/260708/p31#a260708p31