IPOS - GM-Backed Self-Driving Company Momenta Readies For US IPO Launch: Report | Benzinga
Auto major General Motors Co (NYSE:GM) backed Chinese self-driving company Beijing Momenta Technology Co. has reportedly filed confidentially for an initial public offering (IPO) in the U.S..
Momenta is working with China International Capital Corp., Goldman Sachs Group Inc. (NYSE:GS), and UBS Group AG (NYSE:UBS) on a potential listing, with a possible launch as soon as this year, Bloomberg reported, citing sources familiar with the matter.
The IPO aims to raise between $200 million to $300 million through share sales, the ...