GM-Backed Momenta Set for Hong Kong Debut After $752 Million IPO

Global Market: Momenta Global debuts nearly flat in Hong Kong after $751 million IPO

Momenta Global shares debuted on the Hong Kong Stock Exchange with a muted reception. The autonomous-driving software developer raised HK5.89 billion in its initial public offering. Investor sentiment remains cautious despite strong cornerstone backing from major firms. The company plans to use IPO proceeds for research and expansion. Momenta's listing is a gauge for Chinese AI and technology firm investor demand.

Self-driving firm Momenta opens $752mn Hong Kong IPO

Momenta is heading to the public markets. The self-driving software firm has opened its Hong Kong IPO, seeking up to 752mn to pour into AI research and robotaxis. The Momenta IPO would value the GM-backed company at close to 9bn. The Suzhou-based company started taking investor orders this week under stock code 6880. It is [] This story continues at The Next Web

Momenta launches Hong Kong IPO with GIC, Fidelity and BlackRock as cornerstone investors

Chinese autonomous driving company Momenta launched its Hong Kong public offering on June 29, with plans to list on the Hong Kong Stock Exchange’s main board under the ticker 6880.HK. The company is offering 19.94 million Class A ordinary shares at HK295.60 each, aiming to raise about HK5.89 billion (751 million) before any over-allotment option []

GM-Backed Self-Driving Firm Momenta Seeks $752 Million From Hong Kong Listing

Autonomous-driving firm Momenta Global Ltd. started taking investor orders for its Hong Kong initial public offering to raise HK5.9 billion (752 million), pouncing on a multiyear high for share sales in the city.

Lima syarikat Malaysia jana potensi jualan RM58 juta di Korea Selatan

PETALING JAYA: Lima syarikat Malaysia menjana potensi jualan melebihi RM58 juta menerusi Program Imersi Pasaran ke Korea Selatan di bawah Program Gate to Global MARA yang berlangsung di Seoul dari 29 Jun hingga 1 Julai lalu. Program anjuran Perbadanan Pembangunan Perdagangan Luar Malaysia (Matrade) dengan kerjasama Majlis Amanah Rakyat (MARA) itu bertujuan mempercepatkan pengantarabangsaan syarikat ... Read more The post Lima syarikat Malaysia jana potensi jualan RM58 juta di Korea Selatan appeared first on Utusan Malaysia.

From AI chips to energy drinks: Hong Kong’s biggest listing deals of 2026 so far

Hong Kong’s stock exchange ranked second globally by capital raised in the first half of 2026, with total proceeds from initial public offerings and secondary listings rising 84.3 per cent year on year to US26.4 billion. Among the 84 new listings during the period, mainland Chinese issuers accounted for 98.5 per cent of the total, with the majority concentrated in advanced technology and consumer staples. Below are the five largest deals: 1. Victory Giant Technology, US2.73 billion The...

Jeremy Grantham warns the AI boom has pushed stocks to a historic valuation peak

The GMO co-founder pointed to a market-cap-to-GDP ratio of 235 and called SpaceX's IPO a potential sign of a market top

GCash parent Mynt looks to Philippine IPO to raise up to P92.3 billion

SINGAPORE — Mynt, the parent of Philippine mobile wallet GCash, has filed for a proposed initial public offering in Manila that could raise as much as P92.3 billion (1.5 billion), the company said in a statement. RELATED: E-wallet firm Mynt aiming for 8 billion valuation in IPO, sources say | Globe Telecom moves ahead with Mynt IPO-related filings At its maximum, [] The post GCash parent Mynt looks to Philippine IPO to raise up to P92.3 billion appeared first on Interaksyon.

Kasumigaseki Capital, a Tokyo Stock Exchange-Listed Company with AED 18.98 Billion in AUM, Formalizes Its Presence in Dubai Through Three Local Business Platforms

Kasumigaseki Capital Co., Ltd., a leading Japanese real estate investment and development company listed on the Prime Market of the Tokyo Stock Exchange (TSE: 3498), formalized its presence in the UAE today, reinforcing its long-term commitment to one of the world’s most dynamic investment destinations and setting the stage for its regional growth. As of [] The post Kasumigaseki Capital, a Tokyo Stock Exchange-Listed Company with AED 18.98 Billion in AUM, Formalizes Its Presence in Dubai Through Three Local Business Platforms appeared first on Middle East News 247.

Seoul shares open higher on tech gains

Seoul shares opened higher Monday on gains made by technology companies ahead of the release of major companies' second-quarter earnings results. The benchmark Korea Composite Stock Price Index rose 198.39 points, or 2.45 percent, to 8,286.73 as of 9:20 a.m. While weighing whether the artificial intelligence-driven rally can be sustained, investors are now eyeing corporate earnings results for signs that massive spending on AI infrastructure is resulting in profits. In Seoul, tech stocks were le

AMC Entertainment: Another Massive Equity Sale

AMC Entertainment: Another Massive Equity Sale

Robot-run stores taking over South Korea

The global robotics market is worth more than 88 billion dollars, and is forecast to grow to 218 billion over the next five years. As businesses turn to automation to cut costs and improve efficiency, robot-run stores are becoming a common sight in South Korea. Emre Boz reports.

FCMB shareholders approve N23.1bn dividend

Shareholders of FCMB Group Plc have approved a total dividend payout of N23.08 billion for the 2025 financial year at the company’s 13th Annual General Meeting (AGM) held in Lagos last week. Shareholders, attending both in person and online, approved all Board resolutions, including the re-election of Mr. Ladi Jadesimi and the ratification of Mrs. Adepeju [] The post FCMB shareholders approve N23.1bn dividend appeared first on Vanguard News.

सामसुङको नाफामा ऐतिहासिक छलाङ

काठमाडौँ। कृत्रिम बौद्धिकता (एआई) प्रविधिसँग सम्बन्धित मेमोरी चिपको विश्वव्यापी माग तीव्र रूपमा बढेसँगै दक्षिण कोरियाली प्रविधि कम्पनी सामसुङ इलेक्ट्रोनिक्सले दोस्रो त्रैमासिक परिचालन नाफामा ऐतिहासिक उछाल आउने प्रक्षेपण गरेको छ। कम्पनीले मङ्गलबार सार्वजनिक गरेको प्रारम्भिक विवरणअनुसार अप्रिल–जुन अवधिमा परिचालन नाफा ८९४ खर्ब वोन (५८ अर्ब ४० करोड अमेरिकी डलर) पुग्ने अनुमान गरिएको छ। जुन गत वर्षको []

WALOVI and Hong Xin Da Seal Strategic Local-Channel Deal for International Cans in Singapore

On June 15–16, the 2026 Guangzhou Products Go Global Guangzhou Premium Brands into ASEAN ...

Korra Energi Reports 42.5% Surge in Gross Profit in Q1 2026

Energy solutions firm Korra Energi reported a 42.5 year-on-year (YoY) increase in gross profit to EGP 373 million during the first quarter (Q1) of 2026, backed by the positive performance of the energy and construction segment, which recorded a 49.4 increase in gross profit, according to the company’s press release. Operating profit climbed 31.9 to [] The post Korra Energi Reports 42.5 Surge in Gross Profit in Q1 2026 first appeared on Egypt Oil Gas.

DFI Retail Group to Announce 2026 Half Year Financial Results and Host Analyst Presentation Live Webcast

HONG KONG SAR - Media OutReach Newswire - 29 June 2026 - DFI Retail Group Holdings Limited will announce its 2026 Half Year Results after market close on 28 July 2026, followed by an analyst presentation live webcast on 29 July 2026. Date: 29 July 2026 (Wednesday) Time: 09:30am - ...

Dubai Gold Rate Today: 18K, 22K, 24K Gold Prices for July 5, 2026

Retail gold prices (gold rates) in Dubai registered a firm upward movement on Sunday, July 5, building on the recovery patterns established during the final sessions of the trading week. Scroll below to see the 18K, 21K, 22K and 24K Dubai gold rates (gold prices) for today, July 5, in AED, USD and INR.

Box Office: ‘Moana’ Makes $18 Million on Opening Day

Although “Moana” led the box office on Friday, the live-action remake didn’t make the domestic splash Disney was probably hoping for. “Moana” made just 18 million on Friday from 3,875 North American theaters. Rival estimates have it grossing 45 million through opening weekend, which is below the 56 million the original “Moana” earned over its []