Momenta opens books for Hong Kong IPO, seeking $750 million

CnEVPost

06/29

A Momenta robotaxi on display at the Shanghai Auto Show in April 2025. Credit: CnEVPost The self-driving firm is offering shares at HK$295.60 each, valuing it at nearly $9 billion. Momenta, with the...

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Credit: CnEVPost\n\n\nThe self-driving firm is offering shares at HK$295.60 each, valuing it at nearly $9 billion.\nMomenta, with the...</p>\n\n<a href=\"https://cnevpost.com/2026/06/29/momenta-hk-ipo-seeking-750-million/\">网页链接</a>\n\n</div>\n\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://cnevpost.com/2026/06/29/momenta-hk-ipo-seeking-750-million/\">CnEVPost</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0173614495.USD","symbol_name":"富達中國焦點A","start_time":0,"source_url":"https://cnevpost.com/2026/06/29/momenta-hk-ipo-seeking-750-million/","article_id":"2647736573","we_media_id":null,"thumbnails":["https://static.tigerbbs.com/data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20480%20270'%3E%3C/svg%3E?op=imageView2&mode=2&width=256&height=256&quality=70&format=png"],"rights":{"source":"cnevpost_highlight","url":"https://cnevpost.com/2026/06/29/momenta-hk-ipo-seeking-750-million/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2647736573","pubTimestamp":1782728395,"columns":[],"sourceInfo":{"source_id":"cnevpost_highlight","name":"CnEVPost"},"weMediaInfo":null,"summary":"The self-driving firm is offering shares at HK$295.60 each, valuing it at nearly $9 billion.","collect":0,"end_time":0,"defaultTopTitle":"cnevpost.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0173614495.USD":"富达中国焦点A","IE00BZ08YT58.USD":"GUINNESS BEST OF CHINA \"C\" (USD) ACC","LU0329678170.USD":"FIDELITY EMERGING ASIA \"A\" (USD) INC","LU0329678337.USD":"FIDELITY EMERGING ASIA \"A\" (USD)","LU0594300419.USD":"富达中国消费基金A","LU0650527681.SGD":"Fidelity China Consumer A-SGD","LU0605514214.HKD":"FIDELITY CHINA CONSUMER \"A\" (HKD) ACC","SG9999009997.SGD":"United Asia Pacific Real Estate Income Acc SGD","CAOVY":"中国海外发展ADR","LU0205439572.USD":"富达亚太股息基金","LU0594300179.USD":"FIDELITY CHINA CONSUMER \"A\" (USD) ACC","BK1521":"挪威政府全球养老基金持仓","LU0737861772.HKD":"FIDELITY EMERGING ASIA \"A \" (HKD) ACC","SG9999010052.SGD":"United Asia Pacific Real Estate Income Dis SGD","00688":"中国海外发展","03121":"南方KOSPI","IE00BVYPNQ40.USD":"GUINNESS ASIAN EQUITY INCOME \"C\" (USD) ACC","LU0287142896.SGD":"Fidelity China Focus A-SGD","BK1240":"房地产开发","IE00BVYPNP33.GBP":"GUINNESS ASIAN EQUITY INCOME \"C\" (GBP) ACC","BK1555":"内房股","SG9999010078.USD":"UNITED ASIA PACIFIC REAL ESTATE INCOME (USDHDG) INC","IE00BZ08YR35.GBP":"GUINNESS BEST OF CHINA \"C\" (GBP) ACC","LU0315179316.USD":"EASTSPRING INVESTMENTS ASIAN DYNAMIC \"A\" (USD) ACC","IE00BZ08YS42.EUR":"GUINNESS BEST OF CHINA \"C\" (EUR) ACC","IE00BGHQDM52.EUR":"GUINNESS ASIAN EQUITY INCOME \"C\" (EUR) ACC"},"translate_title":"Momenta开启香港IPO账簿，寻求7.5亿美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CAOVY":1.87,"03121":0.6,"00688":1.87},"content_text":"A Momenta robotaxi on display at the Shanghai Auto Show in April 2025. Credit: CnEVPost\n\n\nThe self-driving firm is offering shares at HK$295.60 each, valuing it at nearly $9 billion.\nMomenta, with the code 06880, is slated to start trading in Hong Kong on July 8.\n\n\nChinese self-driving firm Momenta started taking investor orders for its Hong Kong initial public offering on Monday, seeking to raise HK$5.89 billion ($750 million).\nThe Suzhou-based company, backed by General Motors and Tencent Holdings, is offering about 19.9 million shares at HK$295.60 each, according to its listing document released Monday.\nAt that price, Momenta would be valued at about $9 billion. It is slated to start trading under the code 06880 on the main board of the Hong Kong stock exchange on July 8.\n\n\nJoin us on \nTelegram\n or \nGoogle News\n\n\nThe offering has drawn a star-studded lineup of cornerstone investors. Fourteen cornerstone investors are subscribing to shares worth nearly $376 million, close to half the size of the offering.\nThese investors include Singapore wealth fund GIC Pte, asset managers Fidelity International and BlackRock, as well as carmaker Mercedes-Benz Group AG. BYD and Oaktree Capital are also taking part.\nNotably, Mercedes-Benz invested in Momenta as early as 2017, making it the first international carmaker to take a stake in the company.\nChina International Capital Corp and Deutsche Bank are acting as joint sponsors of the offering.\nFounded in 2016, Momenta supplies self-driving technology for mass-produced vehicles and operates robotaxi services.\nIt is following peers such as Pony AI (NASDAQ: PONY) and WeRide (NASDAQ: WRD) in tapping Hong Kong's capital markets to fund its development.\nThe IPO proceeds will be directed mainly toward four areas. The company plans to allocate about 60% to research and development and about 20% to advancing robotaxi commercialization, with the rest going to strengthening its mass-produced vehicle business and supplementing working capital.\nNotably, Momenta's listing comes as demand in China's car market remains weak. So far this year, the Hong Kong-listed shares of BYD (HKEX: 1211) and GWM (HKEX: 2333) have fallen 26% and 40% respectively, while smart driving chipmaker Horizon Robotics (HKEX: 9660) has plunged 54%.\nIn terms of financial performance, Momenta's 2025 revenue grew 82.1% year on year to 2.41 billion yuan ($354 million), with licensing service revenue serving as a key growth engine.\nBut the company's net loss widened in tandem to 3.46 billion yuan, driven mainly by hefty research and development spending. Its 2025 R&D investment reached 1.87 billion yuan, accounting for 77.5% of total revenue.\nAccording to China Insights Consultancy, Momenta ranked first globally among independent suppliers in the urban NOA segment for the 12 months ended February, with a market share of 64.5%.\n\n\n\n\n\n\n\n\n\nNio seeks Hong Kong primary listing to open door to Stock Connect - CnEVPost\nNio has been in talks with Hong Kong regulators, hoping to convert to a primary listing without changing its user enterprise governance.\n\n\nNio\nJun 24, 2026\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n($1 = HKD 7.8429, $1 = 6.7940 yuan)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}