HK Listing

Momenta has confidentially filed for a Hong Kong IPO, abandoning plans for a New York listing, according to Reuters.

Avatr is an EV brand jointly established by Changan, Huawei, and CATL, originally named Changan Nio.

Seyond is Nio's sole LiDAR supplier, with 91.6 percent of its 2024 revenue derived from the EV maker.

As of press time, WeRide fell 12.18 percent and Pony AI dropped 13.96 percent.

As of press time, Seres was down 4.79 percent in Hong Kong morning trading, with a market capitalization of HK$217 billion ($27.9 billion).

Seres priced its Hong Kong stock offering at HK$131.50 per share, the upper end of its range.

Seyond plans to go public in Hong Kong through a merger with TechStar, and plans to issue no more than 190,240,000 ordinary shares.

Seres submitted its application for a Hong Kong listing in April, aiming to advance its global expansion and establish an international capital operation platform.

Voyah's gross margin rose to 21.3 percent in January-July and has expanded into 39 overseas markets.

Chery's IPO was priced at the upper end of its offering range, raising HK$9.14 billion ($1.18 billion).