Temasek-backed Momenta seeks listing in Hong Kong after U.S. approval lapsed, joining wave of Chinese tech IPOs in Asia’s financial hub
Chinese autonomous-driving developer Momenta has submitted a confidential initial public offering (IPO) application to the Hong Kong Exchanges and Clearing (HKEX), according to people familiar with the matter.
The decision comes after the firm abandoned plans for a U.S. listing; its prior approval to list in New York expired in June 2025. :contentReference[oaicite:2]{index=2}
Momenta, backed by global investors including Toyota Motor Corporation and Bosch, is a prominent supplier of advanced driver-assistance systems (ADAS) and autonomous driving software.
Its technologies are integrated into vehicles from major automakers, and the company is preparing to test Level-4 autonomous vehicles in Germany in partnership with ride-hailing firm Uber in 2026. :contentReference[oaicite:6]{index=6}
The exact size, valuation and timetable of the IPO remain under wraps, as the filing was made confidentially — a route increasingly popular among technology firms in Hong Kong aiming to protect sensitive financial or strategic information during early listing stages.
:contentReference[oaicite:7]{index=7}
The move underscores a broader trend of Chinese technology and mobility firms shifting their listing ambitions from the United States to Hong Kong, driven by geopolitical tensions, regulatory uncertainty and the waning viability of U.S. capital markets for Chinese issuers.
Hong Kong has emerged as the world’s busiest stock-market centre by listing volume in 2025, benefiting from this wave of re-assessments.
:contentReference[oaicite:8]{index=8}
If successful, Momenta’s IPO could reinforce confidence in Hong Kong as a go-to destination for capital-intensive tech companies, especially those in sectors like autonomous driving and clean mobility.
For Momenta, the listing would provide fresh resources to accelerate development of its ADAS and full-autonomy platforms, expand global collaborations and support its planned robotaxi and licensing operations across markets.
The application to HKEX marks a strategic departure from Momenta’s initial ambitions to go public in the United States, reflecting the evolving dynamics of global equity markets.
With details still under wraps, investors and analysts are watching closely — a successful listing could signal a turning point for China’s next-generation mobility firms seeking public funding outside U.S. markets.
The decision comes after the firm abandoned plans for a U.S. listing; its prior approval to list in New York expired in June 2025. :contentReference[oaicite:2]{index=2}
Momenta, backed by global investors including Toyota Motor Corporation and Bosch, is a prominent supplier of advanced driver-assistance systems (ADAS) and autonomous driving software.
Its technologies are integrated into vehicles from major automakers, and the company is preparing to test Level-4 autonomous vehicles in Germany in partnership with ride-hailing firm Uber in 2026. :contentReference[oaicite:6]{index=6}
The exact size, valuation and timetable of the IPO remain under wraps, as the filing was made confidentially — a route increasingly popular among technology firms in Hong Kong aiming to protect sensitive financial or strategic information during early listing stages.
:contentReference[oaicite:7]{index=7}
The move underscores a broader trend of Chinese technology and mobility firms shifting their listing ambitions from the United States to Hong Kong, driven by geopolitical tensions, regulatory uncertainty and the waning viability of U.S. capital markets for Chinese issuers.
Hong Kong has emerged as the world’s busiest stock-market centre by listing volume in 2025, benefiting from this wave of re-assessments.
:contentReference[oaicite:8]{index=8}
If successful, Momenta’s IPO could reinforce confidence in Hong Kong as a go-to destination for capital-intensive tech companies, especially those in sectors like autonomous driving and clean mobility.
For Momenta, the listing would provide fresh resources to accelerate development of its ADAS and full-autonomy platforms, expand global collaborations and support its planned robotaxi and licensing operations across markets.
The application to HKEX marks a strategic departure from Momenta’s initial ambitions to go public in the United States, reflecting the evolving dynamics of global equity markets.
With details still under wraps, investors and analysts are watching closely — a successful listing could signal a turning point for China’s next-generation mobility firms seeking public funding outside U.S. markets.




























