Momenta Wins Hong Kong IPO Approval, Eyes Investor Meetings as Early as This Week
Updated
Updated · Bloomberg · Jun 23
Momenta Wins Hong Kong IPO Approval, Eyes Investor Meetings as Early as This Week
3 articles · Updated · Bloomberg · Jun 23
Summary
Momenta is preparing to sound out investors for a Hong Kong IPO as early as this week after securing exchange approval, according to people familiar with the matter.
Tuesday paperwork filed after its listing hearing moves the GM- and Tencent-backed autonomous driving startup closer to launching the share sale.
Deal terms are still under discussion and could change, the people said, while Momenta did not respond to a request for comment.
The planned listing would test investor appetite for self-driving technology companies in Hong Kong as Momenta seeks public funding for its next growth phase.