Momenta Global Ltd, a Chinese autonomous driving company based in Suzhou, is preparing for an initial public offering (IPO) in Hong Kong as soon as June 29, 2026 [1, 2, 3]. Mercedes-Benz AG and Singapore’s sovereign wealth fund GIC Pte Ltd have agreed to be cornerstone investors for the IPO, with Fidelity International Ltd and BlackRock Inc also in talks to join as cornerstone investors [4, 1, 2, 3].
The company aims to raise approximately USD 750 million to 800 million through the offering, targeting a post-money valuation near USD 9 billion [4, 1, 2, 3]. About half of the IPO shares are planned to be allocated to cornerstone investors, signaling strong backing from major global investors [4, 1, 2, 3].
Momenta was founded in 2016 to develop autonomous driving technologies and supplies software for mass-produced vehicles and robotaxi fleets [1, 3]. Mercedes-Benz acquired a stake in Momenta in 2017 and intends to continue its strategic partnership with the startup. “Mercedes plans to continue its strategic collaboration with Momenta and declined to comment on the IPO plans,” a Mercedes-Benz representative said [1]. Current investors also include General Motors and Tencent Holdings Ltd [1, 2, 3].
In 2025, Momenta reported revenue of 2.4 billion yuan and a net loss of 3.5 billion yuan (roughly USD 515 million), reflecting continued investment in technology and scale-up efforts [1, 3]. The company previously filed confidentially to pursue a US IPO in 2024 but shifted its focus to a Hong Kong listing [1, 2, 3].
China International Capital Corp and Deutsche Bank AG are leading the IPO as underwriters [1, 3]. Momenta noted that “deliberations are ongoing and details of the offering could change,” indicating some flexibility in the IPO terms and timeline [1].
The Hong Kong IPO could launch on June 29, 2026, marking a key step in Momenta’s efforts to expand its global footprint and accelerate development of autonomous driving solutions [1, 2, 3].
