Shares of Chinese autonomous-driving software developer Momenta Global made a muted debut on the Hong Kong Stock Exchange on Wednesday, reflecting cautious investor sentiment despite the company's successful HK$5.89 billion ($751 million) initial public offering, according to Reuters.
The stock opened at HK$301, slightly above its IPO price of HK$295.60. It climbed to an intraday high of HK$314.80 before easing to trade around HK$299, indicating that early gains were short-lived as investors assessed valuations in the technology sector.
