MOMENTA-W (06880.HK): IPO Subscription Opens Today; Entry Fee HK$5,971.62

NewTimeSpace News: MOMENTA-W (06880.HK) launches its public offering subscription on 29 June, with each board lot consisting of 20 shares and an entry fee of HK$5,971.62. The Company plans to offer approximately 19.93 million shares globally at a fixed Offer Price of HK$295.60 per share, with listing expected on 8 July. The issuer has introduced 14 cornerstone investors including GIC, Fidelity International, BlackRock and Mercedes-Benz Group. Their aggregate subscription totals around US$376 million, accounting for approximately 49.95% of all Global Offer Shares.
NewTimeSpace News: MOMENTA-W (06880.HK) opens its public IPO subscription on 29 June 2026, and its listing is scheduled for 8 July 2026.
According to the prospectus, the fixed Offer Price is set at HK$295.60 per share. Each board lot contains 20 shares, with an entry fee of HK$5,971.62. The total number of Global Offer Shares is about 19.93 million, of which roughly 1.99 million shares are reserved for the Hong Kong Public Offering.
Based on the Offer Price of HK$295.60 per share, the Company has secured 14 cornerstone investors with committed subscriptions as follows: GIC (US$100 million), Fidelity International (US$100 million), BlackRock (US$25 million), Mercedes-Benz Group (US$25 million), Oaktree (US$20 million), Jinxing (US$15 million), Franklin Templeton (US$10 million), Boyu Capital (US$10 million), Gaoyi Entities (US$10 million), CPIC (US$10 million), GF Fund Management (US$10 million), China Asset Management (Hong Kong) (US$10 million), Suzhou Mosu (US$24.75 million) and GigaDevice (US$6 million). Collectively, these investors will subscribe for around 9.9608 million shares with a total consideration of approximately US$376 million, representing about 49.95% of all Global Offer Shares.

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