New stock news | MOMENTA-W(06880.HK) oversubscribed over 14.5 billion Hong Kong dollars, oversubscribed 23.7 times, introducing GIC, Megvii, and other institutional investors.

According to the Wise Finance APP, MOMENTA-W (06880.HK) will be offering shares for subscription from June 29th to July 3rd, planning to issue 19.938 million shares. Ten percent will be offered for public sale in Hong Kong at a price of HKD 295.6 per share, raising a total of HKD 5.89 billion. Each lot consists of 20 shares, with an entry fee of HKD 5,971.6. MOMENTA is expected to begin trading on July 8th, with China International Capital Corporation and Deutsche Bank as joint sponsors. Market data shows that as of June 30th, subscriptions for the public sale portion of MOMENTA have reached HKD 14.57 billion, which is 23.7 times oversubscribed compared to the public sale portion of HKD 589 million.