Momenta has begun taking investor orders for a Hong Kong IPO aimed at raising about HK$5.9 billion, or $752 million. The deal targets a Hong Kong equity issuance market that has hit a multiyear high.
11:20 PMBloomberg Markets2 stories from 2 sources
Sunday, June 28, 2026
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Other Developments
A curated list of other prominent stories from this day.
Float Financial raised C$85 million (about US$60 million) in a Series C round led by Inovia Capital, with Goldman Sachs participating. The company provides a business finance platform for Canadian firms.
8:01 PMFinextra11:20 PMBloomberg Markets
GM-Backed Self-Driving Firm Momenta Seeks $752 Million From Hong Kong Listing
Summary
Momenta has begun taking investor orders for a Hong Kong IPO aimed at raising about HK$5.9 billion, or $752 million. The deal targets a Hong Kong equity issuance market that has hit a multiyear high.
Why it matters
A successful float would strengthen Hong Kong as an exit route for late-stage mobility AI and reset pricing for autonomous-driving startups seeking capital beyond VC.
8:01 PMFinextra
Canadian fintech Float raises C$85m
Summary
Float Financial raised C$85 million (about US$60 million) in a Series C round led by Inovia Capital, with Goldman Sachs participating. The company provides a business finance platform for Canadian firms.
Why it matters
The financing signals sustained investor conviction in business spend and finance platforms and intensifies the race to own Canadian companies' finance stack.
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