Momenta moves closer to Hong Kong IPO after US listing setback (opens original article in a new tab)

Chinese autonomous-driving company Momenta advanced its Hong Kong IPO plans after regulatory approval, following an unsuccessful US listing attempt.

• Chinese autonomous-driving start-up Momenta advanced its Hong Kong IPO plans after China's securities regulator approved a filing notice.
• The approval allows Momenta Global to issue up to 43.75 million overseas-listed shares for a Hong Kong stock exchange listing.
• Momenta previously sought a US listing in 2024 that did not materialize.