Momenta Global launches Hong Kong IPO seeking $752 million

Chinese autonomous driving technology firm Momenta Global launched its initial public offering in Hong Kong on Monday, June 29, 2026, seeking to raise up to HK$5.89 billion (approximately $752 million). The IPO would value the General Motors-backed company at close to $9 billion.

The Suzhou-based company is offering about 19.9 million shares at HK$295.60 each. It expects to announce share allocations by July 7, with trading in its Class A shares scheduled to begin the following day, July 8. The company plans to allocate roughly 60% of the proceeds to core technology research and development over the next five years, with another 20% earmarked to accelerate the rollout of its robotaxi services.

Momenta develops software for both mass-market driver-assistance systems and full self-driving systems for robotaxis. Its customer and partner list includes 24 leading automakers such as Mercedes-Benz, Toyota, Audi, BMW's China arm, Honda, SAIC, BYD, and General Motors. The company reported that vehicles using its software surpassed 680,000 by the end of 2025, with its technology now shipping in 68 car models, a significant increase from eight models in 2023.