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Autonomous Driving Firm Momenta Wins China Approval for Hong Kong IPO

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Autonomous driving technology company Momenta received approval from the China Securities Regulatory Commission for its planned Hong Kong initial public offering, according to a filing notice published by the regulator on Thursday.

The June 10 notice allows Momenta Global to issue up to 43.8 million overseas-listed ordinary shares and list on the Hong Kong Stock Exchange.

Momenta submitted the filing through its mainland operating entity, Momenta (Suzhou) Technology.

Under CSRC rules, the company must complete the listing within 12 months of filing approval or update its filing materials to continue the offering.

The Hong Kong listing plan marks a shift from Momenta's earlier U.S. listing ambitions. The company received regulator approval in 2024 to pursue a listing on Nasdaq or the New York Stock Exchange, but the offering did not materialize.

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