Chinese autonomous driving developer Momenta has confidentially filed for a Hong Kong IPO, joining other Chinese companies aiming to debut in the financial hub after opting out of New York. The move follows an approval expiration in June to list in the US. Details of the IPO are unknown. Momenta, backed by investors like Toyota and Bosch, did not comment. The Hong Kong Exchange declined to comment. The sources remain anonymous due to the confidential nature of the information. The Hong Kong bourse has experienced its best year for new listings since 2021, raising $32 billion by mid-November, up over 200% from the previous year. Momenta is a key Chinese supplier of advanced driving assistance systems, similar to Tesla’s self-driving technology.

Read more at Yahoo Finance: Chinese autonomous driving firm Momenta files for Hong Kong IPO, sources say