Chinese autonomous driving unicorn Momenta is reportedly planning to IPO in Hong Kong with a target financing of 1 billion US dollars.

According to informed sources, Chinese self-driving company Momenta is preparing to go public in Hong Kong, with an estimated valuation of about 9 billion US dollars. The above-mentioned sources said that Momenta, supported by General Motors, will raise about 1 billion US dollars through this initial public offering. The company, headquartered in Suzhou, Jiangsu Province, has also received support from Toyota and SAIC Motor Corporation.