• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Stock

China’s self-driving startup Momenta weighs Hong Kong over US for IPO: report

by September 26, 2025
by September 26, 2025

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 to home as US-China financial tensions intensify.

The consideration comes after approval from China’s securities regulator for a US listing expired in June.

The permit had been granted in mid-2023, according to the regulator’s website.

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.

They added that discussions are still in early stages and plans may shift.

The company, backed by Toyota Motor and German auto supplier Bosch, is also working on a pre-IPO fundraising round.

The report added that the round could involve participation from Mercedes-Benz and Hyundai.

Details such as the size, timing and valuation of the share sale have yet to be finalised.

The company denies confirmed plans

In response to queries, Momenta said it has not made a final decision regarding its IPO venue.

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.

Hong Kong Exchanges and Clearing, the city’s bourse operator, declined to comment.

The China Securities Regulatory Commission did not respond to a request for comment.

Mercedes-Benz also declined to respond, while Hyundai confirmed it sees “a compelling use case” to collaborate with Momenta in China, without elaborating.

Hong Kong cements its role as global listing hub

Momenta’s possible shift underscores Hong Kong’s role as the dominant fundraising venue for Chinese companies at a time when US lawmakers are increasing pressure on Chinese listings.

The city has emerged as the world’s leading exchange by IPO and secondary listing volumes this year, surpassing the New York Stock Exchange, according to LSEG data.

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

That compares with just $776 million raised by Chinese firms in the US, where tea chain Chagee Holdings’ $473 million offering was the largest.

Expanding footprint beyond China

Founded in 2016 by former Microsoft executive Cao Xudong, Momenta has been expanding its international presence.

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

Momenta’s advanced driver assistance technologies are already used by Toyota, Mercedes-Benz and Audi in China.

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.

The post China’s self-driving startup Momenta weighs Hong Kong over US for IPO: report appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
UK giants hit by cyberattacks: how Co-op, M&S, JLR disruption expose vulnerabilities
next post
Europe markets open higher as US tariffs force trade realignment

Related Posts

Cyberattack halts Asahi production, disrupts Japan’s beer supply

October 3, 2025

Europe markets open: Stoxx 600 rises 0.4%, extending...

October 3, 2025

Bitcoin ETFs see over $600M in inflows as...

October 3, 2025

Stockholm leads Europe in IPO activity with $6.8...

October 3, 2025

Indonesia suspends TikTok licence after data refusal during...

October 3, 2025

Why the Thai baht’s climb against US dollar...

October 3, 2025

OpenAI valuation hits $500 billion as employees sell...

October 2, 2025

Here’s why JPMorgan, Morningstar are bullish on Alibaba...

October 2, 2025

Europe markets open: Stoxx 600 jumps 0.6%, led...

October 2, 2025

Will the Tesco share price hit 500p as...

October 2, 2025

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • What I Saw in Milei’s Argentina

    October 3, 2025
  • Tariffs Rest on Distrust of Citizens

    October 3, 2025
  • Cyberattack halts Asahi production, disrupts Japan’s beer supply

    October 3, 2025
  • Europe markets open: Stoxx 600 rises 0.4%, extending its record-setting rally

    October 3, 2025
  • Bitcoin ETFs see over $600M in inflows as BTC price nears $120K

    October 3, 2025
  • Stockholm leads Europe in IPO activity with $6.8 billion raised

    October 3, 2025

Editors’ Picks

  • 1

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 2

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • 3

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 4

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025
  • 5

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 6

    Nvidia’s investment in SoundHound wasn’t all that significant after all

    March 1, 2025
  • 7

    Pop Mart reports 188% profit surge, plans aggressive global expansion

    March 26, 2025

Categories

  • Economy (2,770)
  • Editor's Pick (279)
  • Investing (185)
  • Stock (1,885)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

Interview: Interoperability key to institutional digital asset...

July 2, 2025

XRP slips 2.5% to $2.14 as Trump-Musk...

June 6, 2025

Europe markets open: STOXX 600 +0.3% on...

May 23, 2025