Reuters: Momenta Considers Shifting IPO from New York to Hong Kong

Autonomous driving technology firm Momenta is reportedly evaluating a shift in its planned initial public offering (IPO) from New York to Hong Kong, according to a Reuters report. This move would align Momenta with a growing trend of Chinese companies choosing to list in the Asian financial hub. Sources cited in the report indicate the potential change of venue stems from the expiration of Momenta's U.S. listing approval from Chinese securities regulators in June. Escalating U.S.-China tensions, which have increasingly led Chinese firms to favor Hong Kong, are also contributing to the decision. Two sources revealed that Momenta has discussed a potential 2026 Hong Kong listing with some investors. However, these plans are preliminary and subject to revision.