Momenta, Backed by General Motors and Tencent, to Gauge Investor Interest for Hong Kong IPO

Deep News14:40

According to sources familiar with the matter, autonomous driving technology startup Momenta Global could begin assessing investor interest in its potential Hong Kong initial public offering as early as this week.

The company, which is supported by General Motors and Tencent Holding Ltd., has received approval for the share sale from the Hong Kong stock exchange and submitted its post-hearing listing document on Tuesday.

The sources added that discussions are ongoing and details of the transaction are subject to change. The individuals requested anonymity because the information is not public. Momenta did not respond to requests for comment.

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