Momenta Targets $1 Billion Hong Kong IPO with Mercedes and GIC Backing
Chinese autonomous-driving firm Momenta, backed by GM, Toyota, SAIC, Mercedes-Benz, and GIC, is preparing a Hong Kong IPO aiming to raise $750 million to $1 billion at a $9 billion valuation. The Suzhou-based company develops autonomous vehicle technology and robotaxi services, with partnerships including Uber, Grab, and Mercedes-Benz. Approved by China’s securities regulator, the listing follows a surge in Hong Kong tech IPOs, reflecting strong investor interest in autonomous driving despite market headwinds.
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Momenta Seeks Up to $751 Million in Hong Kong IPO for Autonomous Driving R&D
Chinese autonomous driving technology company Momenta is planning to raise up to $751 million through an initial public offering (IPO) in Hong Kong. The funds will be used to accelerate research and development in autonomous driving technologies. The IPO underscores the company's ambition to expand its market presence and invest in cutting-edge self-driving solutions. This move comes amid growing competition in the autonomous driving sector globally, with Chinese firms increasingly turning to Hong Kong for capital raising.
All NewsMercedes, GIC to back autonomous driving firm Momenta's Hong Kong IPO
Autonomous driving company Momenta Global is planning an initial public offering (IPO) in Hong Kong, with backing from Mercedes-Benz and Singapore sovereign wealth fund GIC, according to sources. The Beijing-based firm, founded in 2016, supplies autonomous driving technology for mass-produced vehicles and robotaxi services. The IPO is targeting to raise approximately US$750 million to US$800 million. The news was reported by The Business Times on June 27, 2026.
The Business TimesGIC-backed Momenta kicks off Hong Kong IPO, targets up to HK$5.89 billion
Chinese autonomous driving company Momenta, backed by Singapore sovereign wealth fund GIC, has launched its initial public offering (IPO) on the Hong Kong Stock Exchange, aiming to raise up to HK$5.89 billion. The company plans to offer 19.9 million shares at HK$295.60 each. Momenta's advanced driver-assistance systems are used by major automakers including Toyota, Mercedes-Benz, and Audi in China. The IPO marks a significant move for the company in the competitive autonomous driving sector.
The Business TimesMercedes, GIC to back autonomous driving firm Momenta’s Hong Kong IPO
Sources indicate that Mercedes-Benz Group and Singapore sovereign wealth fund GIC are set to back autonomous driving technology company Momenta Global in its upcoming Hong Kong initial public offering. The firm is targeting to raise approximately US$750 million to US$800 million from the offering. Founded in 2016, Momenta supplies technology for mass-produced vehicles and robotaxi services. The IPO is expected to attract significant investor interest given the backing of major automotive and financial institutions, highlighting continued investment in autonomous driving technology despite market challenges.
The Business TimesMomenta Prepares $1 Billion Hong Kong IPO at $9 Billion Valuation
Chinese autonomous-driving company Momenta is preparing to raise approximately $1 billion through a Hong Kong initial public offering, with an expected valuation of around $9 billion. The company, based in Suzhou and backed by investors including General Motors, Toyota, and SAIC Motor, develops autonomous vehicle technology and driving assistance systems for carmakers. It has also formed robotaxi partnerships with Uber and Mercedes-Benz Group in Munich and Abu Dhabi, and is expanding in Southeast Asia with Grab. A notice from the China Securities Regulatory Commission dated June 10 and published June 18 confirmed approval for the company to offer up to 43.75 million shares. If completed, the listing would join a growing trend of Chinese tech and robotics firms turning to Hong Kong's capital markets, following IPOs last year by WeRide and Pony AI. Hong Kong Exchanges reported a significant increase in funds raised, with about HK$166.8 billion in the first five months of 2026, up from HK$79.2 billion in the same period a year earlier.
Yahoo FinanceMomenta Prepares $1 Billion Hong Kong IPO at $9 Billion Valuation
Chinese autonomous-driving company Momenta is preparing a Hong Kong IPO that could raise about $1 billion, valuing the company at roughly $9 billion, as reported by The Wall Street Journal. Based in Suzhou and backed by General Motors, Toyota Motor, and SAIC Motor, Momenta develops autonomous vehicle 'brain' technology and driving assistance systems for carmakers. It has robotaxi partnerships with Uber and Mercedes-Benz in Munich and Abu Dhabi, and works with Grab in Southeast Asia. A China Securities Regulatory Commission notice dated June 10 and published June 18 approved the company's plan to offer up to 43.75 million shares. The flotation would follow other Chinese autonomous-driving firms like WeRide and Pony AI that listed in Hong Kong last year. Hong Kong exchange data showed companies raised about $21.28 billion in the first five months of 2026, up from $10.1 billion a year earlier.
Yahoo FinanceChinese Autonomous-Driving Unicorn Momenta Targets $1 Billion Hong Kong IPO
Chinese autonomous-driving company Momenta, backed by General Motors, is preparing for an initial public offering in Hong Kong that aims to raise approximately $1 billion. According to sources familiar with the matter, Momenta's valuation has reached around $9 billion. The company describes itself as building the 'brain' for autonomous vehicles and sells driving assistance solutions to car manufacturers. The IPO underscores the continued interest in Chinese tech startups, particularly in the autonomous driving sector, despite broader market headwinds. Momenta's listing would be one of the significant tech IPOs in Hong Kong, reflecting the city's role as a key capital market for Chinese technology firms.
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