Chinese autonomous driving firm Momenta files for Hong Kong IPO, sources say

Reuters

Tue, December 2, 2025 astatine 4:49 AM CST 1 min read

Dec 2 (Reuters) - Chinese autonomous driving developer Momenta has confidentially filed for a Hong ​Kong archetypal nationalist offering, 2 radical with cognition of ‌the substance said.

Momenta is joining a increasing database of Chinese companies aiming to ‌debut successful the Asian fiscal hub, aft it opted retired of New York amid heightened U.S.-China tensions, the sources said.

Reuters reported successful September that Momenta was considering shifting its ⁠IPO to Hong Kong from ‌New York, pursuing the expiration successful June of an support by China's securities regulator to ‍list successful the United States.

Details of the planned Hong Kong IPO, including offering size and timetable, were not instantly known.

Momenta, which ​is backed by investors specified arsenic Japan's Toyota Motor ‌and German car parts supplier Bosch, did not instantly respond to Reuters requests for comment. The Hong Kong Exchanges and Clearing Ltd (HKEX), the city's speech operator, declined to comment.

The sources could not beryllium named arsenic the ⁠information was confidential.

The Hong Kong bourse has ​had its champion twelvemonth for caller ​listings since 2021. A full of $32 cardinal had been raised by mid-November, up much than ‍200% from ⁠a twelvemonth earlier, according to Dealogic data.

Momenta is simply a starring Chinese supplier of precocious driving assisted strategy features, ⁠akin to Tesla's self-driving exertion that tin navigate municipality postulation nether ‌human drivers' supervision.

(Reporting by Reuters staff;‌ Editing by Emelia Sithole-Matarise)