Momenta Targets $1 Billion Hong Kong IPO at About $9 Billion Valuation
businessstocksautomobile 2 posts · 2 accounts
The Wall Street Journal reported, citing sources, that Momenta, a Chinese autonomous-driving company, has reached a valuation of about $9 billion and is targeting roughly $1 billion in an upcoming Hong Kong initial public offering.
From the sources (2 posts)
@techmemeSources: Chinese autonomous driving company Momenta has reached a ~$9B valuation as it gears up to raise ~$1B in an upcoming Hong Kong IPO (@ivy_jiahuihuang / Wall Street Journal) (Visit Techmeme dot com for the link and full context!)
@wsjbusinessChinese Autonomous-Driving Unicorn Targets $1 Billion Hong Kong IPO