Beijing Momenta Technology Co.is said to have filed confidentially for an initial public offering in Hong Kong, adding to a flurry of share sales in the Asian financial hub.
The autonomous driving tech startup, which is backed byGeneral Motors (GM) andTencent Holdings (TECHY), is working withChina International Capital Corp. (CNICF)andDeutsche Bank (DB)on the listing, Bloomberg News reported. The company has been meeting investors to gauge initial interest in the offering, the report said.
