People familiar with the matter revealed that Momenta Global Ltd., an autonomous driving technology startup backed by General Motors and Tencent Holdings, plans to commence gauging investor interest for its Hong Kong Initial Public Offering (IPO) as early as this week. The company has secured approval from the Hong Kong Stock Exchange for its share issuance and submitted its post-hearing listing documents on June 23. Discussions are still ongoing, and details of the transaction may be adjusted. Previously, on June 18, Momenta obtained approval for overseas listing from the China Securities Regulatory Commission, with plans to issue no more than 43,754,060 ordinary shares in its bid to tap into the Hong Kong stock market. As a leading player in the global autonomous driving sector, Momenta centers its strategy on the 'dual-track' approach of mass-produced autonomous driving solutions, Mpilot, and L4-level driverless solutions, MSD. By 2025, the adoption of urban NOA (Navigation on Autopilot) is projected to reach 414,400 units, accounting for 61.06% of the market share among third-party suppliers. Its partners include global mainstream automakers such as Mercedes-Benz, BMW, Audi, and Toyota, with cumulative fixed point models exceeding 170 and model adoption surpassing 700,000 units. Financial data shows that from 2023 to 2025, Momenta's operating revenue surged from RMB 743 million to RMB 2.413 billion, with a compound annual growth rate exceeding 80% and a gross profit margin climbing to 71.6%. For this IPO, China International Capital Corporation and Deutsche Bank are serving as joint sponsors, with plans to raise approximately USD 1 billion, corresponding to a valuation of around USD 9 billion (approximately RMB 65 billion), with some market expectations pointing towards a market capitalization of RMB 100 billion.