{"id":43824,"date":"2025-09-26T11:35:13","date_gmt":"2025-09-26T11:35:13","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/09\/26\/chinas-self-driving-startup-momenta-weighs-hong-kong-over-us-for-ipo-report\/"},"modified":"2025-09-26T11:35:13","modified_gmt":"2025-09-26T11:35:13","slug":"chinas-self-driving-startup-momenta-weighs-hong-kong-over-us-for-ipo-report","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/09\/26\/chinas-self-driving-startup-momenta-weighs-hong-kong-over-us-for-ipo-report\/","title":{"rendered":"China\u2019s self-driving startup Momenta weighs Hong Kong over US for IPO: report"},"content":{"rendered":"
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Chinese autonomous driving developer Momenta is weighing a change in its listing plans, with the company considering Hong Kong as the venue for its initial public offering instead of New York, Reuters said in a report, citing sources.<\/p>\n

The move would add Momenta to a growing list of Chinese firms looking to raise capital closer to home as US-China financial tensions intensify.<\/p>\n

The consideration comes after approval from China\u2019s securities regulator for a US listing expired in June. <\/p>\n

The permit had been granted in mid-2023, according to the regulator\u2019s website.<\/p>\n

Momenta, a leading supplier of advanced driver assistance systems in China, has recently told some investors it is weighing a Hong Kong listing in 2026, two of the people told the news agency.<\/p>\n

They added that discussions are still in early stages and plans may shift.<\/p>\n

The company, backed by Toyota Motor and German auto supplier Bosch, is also working on a pre-IPO fundraising round. <\/p>\n

The report added that the round could involve participation from Mercedes-Benz and Hyundai.<\/p>\n

Details such as the size, timing and valuation of the share sale have yet to be finalised.<\/p>\n

The company denies confirmed plans<\/h2>\n

In response to queries, Momenta said it has not made a final decision regarding its IPO venue. <\/p>\n

The company denied informing investors of a confirmed plan to list in Hong Kong in 2026 and said it had not announced or confirmed the details of any fundraising round or its potential backers.<\/p>\n

Hong Kong Exchanges and Clearing, the city\u2019s bourse operator, declined to comment. <\/p>\n

The China Securities Regulatory Commission did not respond to a request for comment. <\/p>\n

Mercedes-Benz also declined to respond, while Hyundai confirmed it sees \u201ca compelling use case\u201d to collaborate with Momenta in China, without elaborating.<\/p>\n

Hong Kong cements its role as global listing hub<\/h2>\n

Momenta\u2019s possible shift underscores Hong Kong\u2019s role as the dominant fundraising venue for Chinese companies at a time when US lawmakers are increasing pressure on Chinese listings.<\/p>\n

The city has emerged as the world\u2019s leading exchange by IPO and secondary listing volumes this year, surpassing the New York Stock Exchange, according to LSEG data. <\/p>\n

More than 230 companies have filed publicly for listings in Hong Kong so far, with Chinese issuers raising nearly $20 billion. <\/p>\n

That compares with just $776 million raised by Chinese firms in the US, where tea chain Chagee Holdings\u2019 $473 million offering was the largest.<\/p>\n

Expanding footprint beyond China<\/h2>\n

Founded in 2016 by former Microsoft executive Cao Xudong, Momenta has been expanding its international presence. <\/p>\n

The company runs a research centre in Stuttgart, Germany, and plans to begin level 4 autonomous vehicle tests there with Uber next year.<\/p>\n

Momenta\u2019s advanced driver assistance technologies are already used by Toyota, Mercedes-Benz and Audi in China. <\/p>\n

Alongside firms like lidar producer Hesai and battery maker CATL, Momenta has become one of the key technology providers shaping the future of smart electric vehicles.<\/p>\n

The post China’s self-driving startup Momenta weighs Hong Kong over US for IPO: report<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Chinese autonomous driving developer Momenta is weighing a change in its listing plans, with the company considering Hong Kong as the venue for its initial public offering instead of New York, Reuters said in a report, citing sources. The move would add Momenta to a growing list of Chinese firms looking to raise capital closer <\/p>\n","protected":false},"author":1,"featured_media":43825,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-43824","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/43824","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=43824"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/43824\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/43825"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=43824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=43824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=43824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}