Momenta Global plans to raise HK$5.89 billion through an IPO in Hong Kong.

According to the documents submitted to the Hong Kong Stock Exchange, Momenta Global plans to globally issue approximately 19.9 million shares in its Hong Kong IPO, with an issuance price of HK$295.60 per share. It is estimated that the company expects to raise HK$5.89 billion. Cornerstone investors include Singapore's Government Investment Corporation, Fidelity International, BlackRock, and Mercedes-Benz AG. The company's stock is expected to begin trading on July 8th. CICC and Deutsche Bank are the joint sponsors for this issuance.