Self-driving technology company Momenta is gearing up for a public listing in Hong Kong, with an anticipated valuation hovering around $9 billion. The firm aims to raise approximately $1 billion through its initial public offering (IPO). Backed by industry giants General Motors, Toyota, and SAIC Motor, Momenta is at the forefront of developing the 'brain' for autonomous vehicles, offering driving assistance solutions to car manufacturers. In the robotaxi sector, Momenta has established collaborations with Uber and the Mercedes-Benz Group, and has also extended its operations into Southeast Asia in partnership with Grab. According to a disclosure from the China Securities Regulatory Commission on June 10, which was made public on Thursday, Momenta intends to offer no more than 43.75 million shares in Hong Kong. The regulatory body has given the green light to the materials submitted by the company. Momenta has chosen not to provide any comments on this development.