Momenta moves closer to Hong Kong IPO after US listing setback

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Jun 19, 2026 #China, #China Securities Regulatory Commission, #Chinese, #CSRC, #Hong Kong, #Hong Kong stock exchange, #Momenta, #Momenta (Suzhou) Technology Co., #Momenta Global Limited, #Nasdaq Stock Market, #New York Stock Exchange, #Pony AI, #SCMP Business, #WeRide

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Momenta moves closer to Hong Kong IPO after US listing setback

Autonomous-driving start-up seeks to issue up to 43.75 million shares after an earlier US IPO approval expired

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A worker cleans a Momenta robotaxi at last year’s Shanghai auto show. Photo: AP

Peggy YePublished: 11:00am, 19 Jun 2026

Chinese autonomous-driving start-up Momenta moved a step closer to a Hong Kong initial public offering after mainland China’s securities regulator disclosed a filing notice approving the proposed share sale.

The proposed listing would add another autonomous-driving company to Hong Kong’s market, following a wave of capital-raising by Chinese intelligent-driving firms seeking funding for research, product development and commercial expansion.

On Thursday, the China Securities Regulatory Commission published a filing notice dated June 10 allowing Momenta Global to issue up to 43.75 million overseas-listed ordinary shares and list on the Hong Kong stock exchange.

The company submitted its overseas listing materials through its mainland operating entity, Momenta (Suzhou) Technology.

Under China’s overseas listing regime, companies must complete a filing process with the securities regulator before proceeding with an offshore offering.

AdvertisementThe approval marks a change in listing destination for Momenta. In 2024, the CSRC approved its pursuit of a listing in the United States that did not materialise.AdvertisementSelect VoiceSelect Speed00:0000:001.00x