HONG KONG/SINGAPORE, July 8 (Reuters) - Shares of Momenta
Global opened slightly higher in their Hong Kong debut
on Wednesday, after the Chinese autonomous driving firm raised
about HK$5.89 billion ($751 million) in its initial public
offering.
The stock opened at HK$301 versus its IPO price of
HK$295.60.
Momenta's debut is a key test of investor demand for Chinese
artificial intelligence and advanced technology companies, as
Hong Kong faces a record wave of lock-up expirations after a
strong first-half for new listings.
($1 = 7.8421 Hong Kong dollars)
(Reporting by Jiaxing Ling in Hong Kong and Yantoultra Ngui in
Singapore; Editing by Christopher Cushing and Muralikumar
Anantharaman)