Woofun AI reports that Momenta, dubbed the 'Physical AI First Stock,' has finalized its initial public offering on the Hong Kong Stock Exchange. The shares were priced at HK$295.6 each, resulting in a public oversubscription rate of 414 times. Upon opening, the stock experienced a modest price increase, pushing its market capitalization above HK$70 billion. If the greenshoe option is fully utilized, the global issuance will comprise approximately 22.93 million shares, generating roughly HK$6.8 billion in proceeds.

Additionally, data indicates that Momenta’s mass-production business has now been installed in more than 1 million vehicles.