Chinese autonomous driving developer Momenta is planning to launch its Hong Kong initial public offering as early as next Monday, said a source with knowledge of the matter.
The company, which has obtained approval from China’s securities regulator and the Hong Kong Stock Exchange, could raise about $900 million from the offering, said the person and a second source with knowledge of its plans.
Momenta plans to price the offering on July 3 and debut on July 8, said the first source, adding timetable is tentative and subject to change.
Momenta did not immediately respond to a Reuters request for comment.
IFR first reported on Tuesday on Momenta‘s planned IPO timetable.
Reuters
