Chinese autonomous driving developer Momenta is considering moving its IPO from New York to Hong Kong due to U.S.-China tensions. China’s approval for a U.S. listing expired in June. Momenta, backed by Toyota and Bosch, plans to list in Hong Kong in 2026, pending final details. The move highlights Hong Kong as a top fundraising hub for Chinese firms amid trade tensions. Hong Kong has seen a surge in IPO volume, surpassing New York. Chinese companies are increasingly favoring Hong Kong for listings over the U.S. Momenta, founded in 2016, is expanding globally and will test autonomous vehicles in Germany next year. Chinese tech suppliers like Momenta are key players in the smart electric vehicle market.

Read more at Yahoo Finance: China’s Momenta considers shifting IPO to Hong Kong from New York, sources say