Momenta IPO cleared by Hong Kong Stock Exchange, CSRC

Autonomous driving technology company Momenta Global Ltd. has passed its listing hearing with the Hong Kong Stock Exchange, around the same time its IPO was also approved by China’s securities regulator, in two key necessary steps for the listing to launch.

The company’s IPO prospectus was publicly posted on the Hong Kong Stock Exchange’s website for the first time on Tuesday under a section indicating it had recently passed the listing hearing. The China Securities Regulator Commission (CSRC) also formally registered the listing plan on its website last Thursday, equivalent to its approval of the plan. Momenta plans to list 43.75 million ordinary shares in the IPO, according to the CSRC document.

Companies typically launch their IPOs within one to two weeks after passing their listing hearings. CICC and Deutsche Bank are acting as joint bookrunners for the deal.

Founded in 2016, Momenta is the world’s largest independent driving automation solutions provider, based on sales volume for the number of vehicles equipped with its urban navigate on autopilot (NOA) solutions. The company’s revenue rose 83% to 2.41 billion yuan ($356 million) last year from 1.32 billion yuan in 2024. Its loss over that period grew to 3.46 billion yuan in 2025 from 3.21 billion yuan the previous year.

By Doug Young

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