GM-Backed Driverless Tech Firm Momenta Said to Confidentially File for IPO in Hong Kong

Beijing Momenta Technology Co. has filed confidentially for an initial public offering in Hong Kong, according to people familiar with the situation, adding to a flurry of share sales in the Asian financial hub.

The autonomous driving tech startup, which is backed by General Motors Co. and Tencent Holdings Ltd., is working with China International Capital Corp. and Deutsche Bank AG on the listing, the people said, asking not to be identified discussing a private matter. The company has been meeting investors to gauge initial interest in the offering, the people said.