Shenchao TechFlow news: On July 08, Momenta, the “first physical AI stock,” completed its listing on the Hong Kong stock market. The IPO offer price was HKD 295.6 per share. The public offering portion was oversubscribed by 414 times. The stock opened with a slight gain, and the market capitalization exceeded HKD 70 billion. Assuming the full exercise of the “greenshoe” (over-allotment option), the global offering was about 22.93 million shares, raising approximately HKD 6.8 billion in total proceeds. Separately, according to ZhenFund’s disclosure, Momenta announced that its mass production deployment scale has surpassed 1 million units.