• Home
  • Categories
  • News
EN
EN
Home
CategoriesNewsGlossary

Contact Us

Social Media

Region

🌏International

Region

🌏International
Contact

Self-driving startup Momenta approved for US IPO, plans to issue 63M shares

TraderKnows
TraderKnows
06-19

On Monday, China's securities regulator announced the approval of Momenta's initial public offering (IPO) in the U.S. The company is a startup specializing in autonomous driving.

China's securities regulator said on Monday that it has approved the autonomous driving startup Momenta Global Limited to conduct an initial public offering (IPO) in the United States.

According to the regulator's statement, Momenta plans to issue up to 63,352,856 ordinary shares and intends to list on either the Nasdaq Stock Market or the New York Stock Exchange.

In June this year, China approved nine automakers to test vehicles equipped with advanced autonomous driving technology on public roads as part of a plan to expedite the adoption of self-driving cars.

The automotive industry has defined five levels of autonomous driving, ranging from Level 1, which includes driver assistance features such as cruise control, to Level 5, which represents fully autonomous vehicles.

Last November, China released guidelines for its national plan and began accepting corporate applications to promote more fully autonomous vehicles in the pursuit of wide-scale adoption.

Under this plan, drivers of test vehicles are allowed to release the steering wheel, with safety responsibilities being taken on by the automakers and fleet operators.

SKYPE TU

公众号2

Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

The End

PreviousNext

You Missed

Middle East tensions and Libyan export disruptions have driven oil prices up by over 3%.

Middle East tensions and Libyan export disruptions have driven oil prices up by over 3%.

Due to tensions in the Middle East and production stoppages in eastern Libya, oil prices rose on Monday. WTI October crude futures increased by 3.5% to $77.42 per barrel, and Brent October futures increased by 3.1% to $81.43 per barrel.

TraderKnows
TraderKnows
08-27
Options On Futures
Options On Futures
08-27
Preview of the Week: US PCE Data Draws Attention, Multiple Countries' Inflation Data to Follow

Preview of the Week: US PCE Data Draws Attention, Multiple Countries' Inflation Data to Follow

Last week, the dollar declined after dovish Fed comments. This week, focus is on the Fed's PCE inflation data, Eurozone inflation, Australia's and Tokyo's CPI, and Canada's GDP.

TraderKnows
TraderKnows
08-26
Macroeconomics
Macroeconomics
08-26
U.S. Treasury yields hit a 12-week high, as Blinken's Middle East visit impacted gold prices.

U.S. Treasury yields hit a 12-week high, as Blinken's Middle East visit impacted gold prices.

Gold prices have fallen as U.S. Treasury yields rise and Blinken's Middle East ceasefire efforts create complex market sentiment.

TraderKnows
TraderKnows
10-22
Macroeconomics
Macroeconomics
10-22
Concept, role, principles, and factors of a basic task budget.

Concept, role, principles, and factors of a basic task budget.

Unlike traditional budgeting that adjusts for inflation or growth, activity-based budgeting accurately sets budgets by analyzing the impact of activities.

TraderKnows
TraderKnows
04-30
04-30
Weak inflation in Switzerland may lead to further interest rate cuts in the future.

Weak inflation in Switzerland may lead to further interest rate cuts in the future.

In August, Switzerland's inflation rate fell to 1.1% from 1.3% in July, below the expected 1.2%. After reaching 1.4% in April and May, the rate has declined by 0.2% over the last three months.

TraderKnows
TraderKnows
09-04
Foreign Exchange Trading
Foreign Exchange Trading
09-04

Wiki

Initial Public Offering

An Initial Public Offering (IPO) refers to the process by which a private company issues shares of stock to the public for the first time, allowing it to be listed and traded on a stock exchange.

Organization

ActiveTraderKnows

Recent Post

US earnings season hints at 2025 growth, with Bank of America noting frequent "bottom" signals.

12 hours ago

Saudi Arabia ensures stable oil supply, advancing 44 GW in renewables for diversification.

12 hours ago

Euro-pound downtrend persists, driven by U.S. jobs report and UK budget.

14 hours ago

U.S. Treasuries see worst monthly drop in two years, fueled by Trump policy concerns.

14 hours ago

Close U.S. election races may delay results, with counting and legal challenges adding uncertainty.

14 hours ago

Soybean harvesting pressures prices; strong oil demand boosts basis, raising volatility.

14 hours ago

U.S. elections and Middle East conflict boost uncertainty, driving gold prices higher.

14 hours ago

Is OrcaraGold Exclusive compliant? Is it a scam?

10-29

Is CentFX compliant? Is it a scam?

10-29

Loose liquidity and U.S. politics boost Bitcoin enthusiasm, with bulls targeting $70,000.

10-29

Euro weakens against USD, with inflation and jobs data key amid global volatility.

10-29

Japan's low September unemployment boosts stocks on recovery and rate hike expectations.

10-29

Quantum Song stock surged 29%, up 120% YTD, announcing a special dividend for shareholders.

10-29

New policy eases brokerage risk control, boosting holdings and confidence in capital markets.

10-29

USD strengthens against CAD as markets expect BoC’s dovish stance to boost its rise.

10-29

You Missed

Middle East tensions and Libyan export disruptions have driven oil prices up by over 3%.

Middle East tensions and Libyan export disruptions have driven oil prices up by over 3%.

Due to tensions in the Middle East and production stoppages in eastern Libya, oil prices rose on Monday. WTI October crude futures increased by 3.5% to $77.42 per barrel, and Brent October futures increased by 3.1% to $81.43 per barrel.

TraderKnows
TraderKnows
08-27
Options On Futures
Options On Futures
08-27
Preview of the Week: US PCE Data Draws Attention, Multiple Countries' Inflation Data to Follow

Preview of the Week: US PCE Data Draws Attention, Multiple Countries' Inflation Data to Follow

Last week, the dollar declined after dovish Fed comments. This week, focus is on the Fed's PCE inflation data, Eurozone inflation, Australia's and Tokyo's CPI, and Canada's GDP.

TraderKnows
TraderKnows
08-26
Macroeconomics
Macroeconomics
08-26
U.S. Treasury yields hit a 12-week high, as Blinken's Middle East visit impacted gold prices.

U.S. Treasury yields hit a 12-week high, as Blinken's Middle East visit impacted gold prices.

Gold prices have fallen as U.S. Treasury yields rise and Blinken's Middle East ceasefire efforts create complex market sentiment.

TraderKnows
TraderKnows
10-22
Macroeconomics
Macroeconomics
10-22
Concept, role, principles, and factors of a basic task budget.

Concept, role, principles, and factors of a basic task budget.

Unlike traditional budgeting that adjusts for inflation or growth, activity-based budgeting accurately sets budgets by analyzing the impact of activities.

TraderKnows
TraderKnows
04-30
04-30
Weak inflation in Switzerland may lead to further interest rate cuts in the future.

Weak inflation in Switzerland may lead to further interest rate cuts in the future.

In August, Switzerland's inflation rate fell to 1.1% from 1.3% in July, below the expected 1.2%. After reaching 1.4% in April and May, the rate has declined by 0.2% over the last three months.

TraderKnows
TraderKnows
09-04
Foreign Exchange Trading
Foreign Exchange Trading
09-04

Risk Warning

TraderKnows is a financial media platform, with information displayed coming from public networks or uploaded by users. TraderKnows does not endorse any trading platform or variety. We bear no responsibility for any trading disputes or losses arising from the use of this information. Please be aware that displayed information may be delayed, and users should independently verify it to ensure its accuracy.