Momenta prepares $1 billion Hong Kong IPO at $9 billion valuation

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Summary · why it matters

Chinese autonomous-driving company Momenta is preparing a Hong Kong initial public offering that could raise about $1 billion, valuing the company at roughly $9 billion. The Suzhou-based firm, whose investors include General Motors, Toyota Motor and SAIC Motor, develops autonomous-vehicle technology and sells driving assistance systems to carmakers. It has also signed robotaxi partnerships with Uber and Mercedes-Benz Group for projects in Munich and Abu Dhabi, and is working with ride-hailing company Grab in Southeast Asia. A China Securities Regulatory Commission notice dated 10 June and published on 18 June said Momenta plans to offer up to 43.75 million shares in Hong Kong, and the regulator approved the filing. If completed, the flotation would add Momenta to a growing number of Chinese technology and robotics companies turning to Hong Kong's capital markets, following autonomous-driving peers WeRide and Pony AI which both listed in Hong Kong last year.

Impact on stocks 8

Electrification & Mobility▲ · 3 stocks
Mercedes-Benz Group AG
MBG
▲ PositiveDemandrelevance

Mercedes-Benz has a robotaxi partnership with Momenta, which may expand with Momenta's IPO funding.

Toyota Motor Corp.
7203
▲ PositiveCapitalrelevance

Toyota is an investor in Momenta; IPO could provide exit opportunity and valuation uplift.

General Motors Company
GM
▲ PositiveCapitalrelevance

GM is an investor in Momenta; IPO could provide exit opportunity and valuation uplift.

Robotics & Physical AI▲ · 3 stocks
Uber Technologies Inc
UBER
▲ PositiveDemandrelevance

Uber has a robotaxi partnership with Momenta, which may expand with Momenta's IPO funding.

Digital Finance & Tokenization▲ · 1 stocks
Others▲ · 1 stocks
SAIC Motor Corp Ltd
600104
▲ PositiveCapitalrelevance

SAIC Motor is an investor in Momenta; IPO could provide exit opportunity and valuation uplift.

Theme Impact 1

Off-coverage companies 1

Momenta GlobalPrivate▲ Positive
Capitalrelevance

Momenta is preparing a $1 billion Hong Kong IPO at a $9 billion valuation, which is a capital markets event.

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