Momenta abandoned its NYSE listing and instead filed for an IPO on the Hong Kong Stock Exchange, with a valuation of $6 billion.

Chinese autonomous driving company Momenta has secretly filed for an IPO on the Hong Kong Stock Exchange, abandoning its original plan to list in New York. Momenta is valued at $6 billion and has raised over $1 billion in total funding. It has partnered with automakers including giants such as Toyota, Mercedes-Benz, and BMW, and has produced over 130 models in total.