Five Chinese Tech Firms Seek $1.3 Billion in Hong Kong Listings

Momenta Global leads the group, aiming to raise $751.1 million by pricing shares at HK$295.60. The Suzhou-based autonomous-driving developer, which ranks as a global leader in independent driving solutions by sales volume, plans to funnel capital into AI computing and data-storage infrastructure. Joining them in the mining automation sector, Fujian-based Eacon Group is seeking up to HK$2.3 billion to fuel its international expansion efforts.

Three other firms round out the cohort: BASiC Semiconductor, which specializes in silicon carbide power devices for electric vehicles; visual AI provider Reconova Technologies; and display module manufacturer DKE Holdings. Collectively, these companies are positioning themselves to tap into the liquidity of the Hong Kong exchange, which has seen listings double to HK$166.8 billion between January and May compared to the same period last year. Trading for all five companies is scheduled to commence on July 8.