Momenta prepares $1bn Hong Kong IPO at $9bn valuation

Kuldeep Jha

Mon, June 22, 2026 astatine 6:25 AM CDT 1 min read

Chinese autonomous-driving institution Momenta is preparing for a Hong Kong archetypal nationalist offering (IPO) that could rise astir $1bn, The Wall Street Journal reported.

The listing is expected to worth the institution astatine astir $9bn, the study said, citing radical acquainted with the matter.

Momenta is based successful Suzhou, Jiangsu. Its investors see General Motors, Toyota Motor and SAIC Motor.

Momenta develops exertion it describes arsenic the "brain" for autonomous vehicles. It sells driving assistance systems to carmakers.

It has besides signed robotaxi partnerships with Uber and Mercedes-Benz Group, covering projects successful Munich and Abu Dhabi.

In Southeast Asia, Momenta is moving with ride-hailing institution Grab arsenic it expands successful the region.

A announcement dated 10 June and published connected 18 June by the China Securities Regulatory Commission said Momenta plans to connection up to 43.75 cardinal shares successful Hong Kong.

The regulator said it had approved the filing based connected the materials submitted by the company.

If completed, the flotation would adhd Momenta to a increasing fig of Chinese exertion and robotics companies turning to Hong Kong's superior markets.

Autonomous-driving companies WeRide and Pony AI some listed successful Hong Kong past twelvemonth to rise funds for fleet enlargement and exertion development.