The IPO comes as Chinese technology firms are returning to public markets, helped by investor demand for companies tied to AI, chips and automation. Beijing has also pushed home-grown technology as competition with the United States intensifies.

The IPO comes as Chinese technology firms are returning to public markets, helped by investor demand for companies tied to AI, chips and automation. Beijing has also pushed…

Momenta Global launches its Hong Kong IPO targeting $751M, backed by Mercedes-Benz and BlackRock, to fund autonomous driving R&D and Robotaxi expansion.

Second ‘red-chip’ approved by Beijing for a Hong Kong listing this year aims to invest proceeds in research and development, robotaxi push.

The Momenta IPO targets up to $752M in Hong Kong at a near-$9bn valuation, as the GM- and Toyota-backed firm funds robotaxi expansion.

Chinese autonomous driving company Momenta launched its Hong Kong public offering on June 29, with plans to list on the Hong Kong Stock Exchange’s main