Momenta Global Ltd, a Chinese autonomous driving startup supported by General Motors and Tencent, received approval from the Hong Kong Stock Exchange to conduct an initial public offering (IPO) on June 23, 2026 [1, 2, 3]. The company filed IPO paperwork on the same day.
The company plans to start gauging investor interest for the Hong Kong IPO as early as the week of June 29, 2026 [1, 3, 4, 2]. It aims to price the offering on July 3 with shares expected to begin trading on the Hong Kong Stock Exchange on July 8 [4, 2]. The IPO is targeted to raise around US$900 million, equivalent to approximately 9 billion yuan or 11.65 billion Hong Kong dollars [4, 2].
Founded in 2016, Momenta develops autonomous driving technology including advanced driver-assistance systems [1, 2]. The company reported a loss of about 3.5 billion yuan in 2025 on revenue of 2.4 billion yuan according to IPO filings [1, 2].
Momenta previously confidentially applied for a US IPO but later dropped the plan, opting instead for a Hong Kong listing [1, 2]. It has obtained approvals from both the China Securities Regulatory Commission and the Hong Kong Stock Exchange [4, 2, 5].
The startup is backed by major automakers and investors including Toyota, Mercedes-Benz, SAIC, General Motors, Bosch, Temasek, Jack Ma’s Yunfeng Capital, and Tencent [2]. It expects to finalize cornerstone investors this week, potentially including Mercedes-Benz, Boyu Capital, and Oaktree Capital Management [2].
Momenta follows other Chinese self-driving technology companies like Pony AI and WeRide in raising capital through Hong Kong public offerings [1, 3].
Momenta’s next key step is the pricing of its IPO on July 3, 2026, before the shares begin trading five days later on July 8 [4, 2].
