China's securities regulator approves Momenta Global Limited's US IPO for up to 63.35M shares.
China's securities regulator approved autonomous driving startup Momenta Global Limited's US IPO, allowing the company to issue up to 63.35M shares and list on either the Nasdaq Stock Market or the New York Stock Exchange. This approval follows China granting approval for nine automakers to test advanced autonomous driving technology on public roads in June, as part of a plan to accelerate the adoption of self-driving cars.
June 19, 2024
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