Sources: Chinese autonomous driving company Momenta has reached a ~$9B valuation as it gears up to raise ~$1B in an upcoming Hong Kong IPO (Jiahui Huang/Wall Street Journal)

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Momenta is reportedly preparing a roughly $1B Hong Kong IPO at a valuation near $9B.

Categories: Money & Moves

Excerpt

<a href="https://www.wsj.com/business/autos/chinese-autonomous-driving-unicorn-targets-1-billion-hong-kong-ipo-a8e2401f?st=D3Kixr&amp;reflink=desktopwebshare_permalink"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260619/i6.jpg" vspace="4" /></a> <p><a href="https://www.techmeme.com/260619/p6#a260619p6" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> Jiahui Huang / <a href="https://www.wsj.com/">Wall Street Journal</a>:<br /> <span style="font-size: 1.3em;"><b><a href="https://www.wsj.com/business/autos/chinese-autonomous-driving-unicorn-targets-1-billion-hong-kong-ipo-a8e2401f?st=D3Kixr&amp;reflink=desktopwebshare_permalink">Sources: Chinese autonomous driving company Momenta has reached a ~$9B valuation as it gears up to raise ~$1B in an upcoming Hong Kong IPO</a></b></span>&nbsp; &mdash;&nbsp; The company has also been backed by Toyota and SAIC Motor&nbsp; &mdash;&nbsp; Chinese autonomous-driving company Momenta's valuation has reached around $9 billion &hellip; </p>

Read at source: https://www.techmeme.com/260619/p6#a260619p6