Gasgoo Munich-Smart driving supplier Momenta (06880.HK) launched its public offering on the Hong Kong Stock Exchange on June 29, with the subscription period running through July 3, according to Gasgoo.
Image Source: Momenta
Under the offering plan, the company intends to sell 19.938 million shares globally, with 10% allocated to the Hong Kong public tranche. Priced at 295.6 Hong Kong dollars (approximately 256.4 RMB) per share, the offering is expected to raise 5.89 billion Hong Kong dollars (5.11 billion RMB). Investors can purchase board lots of 20 shares, requiring a minimum entry fee of 5,971.6 Hong Kong dollars (about 5,180 RMB).
Records from Qichacha show Momenta has completed 10 external funding rounds since its inception, securing over 1.26 billion USD. Its shareholder base blends industrial players like SAIC Motor and Mercedes-Benz with financial backers such as Shunwei Capital and NIO Capital. That diverse mix has underpinned the company's sustained R&D spending.
On the client front, Momenta has partnered with global giants including SAIC, Mercedes-Benz, BMW, Audi, Volkswagen, Toyota, Honda, GM, and BYD. Among third-party smart driving suppliers, it ranks at the forefront of the industry in both mass production scale and customer reach.
Market data indicates that in China's urban Navigation on Autopilot (NOA) market for April 2026, Huawei (including its "Five Realms" brands) and Momenta held a combined 72.8% share, forming a duopoly. Momenta's standalone market share sits at roughly 30%. This metric encompasses both proprietary automaker solutions and third-party offerings, capturing the company's real-world volume in vehicle installations.
