AsianFin -- Chinese autonomous driving developer Momenta is considering shifting its initial public offering to Hong Kong from New York, according to four people familiar with the matter.

The move would place the company among a growing number of Chinese firms choosing to debut in the Asian financial hub amid escalating U.S.-China tensions.

The potential change comes after the expiration in June of an approval from China’s securities regulator to list in the U.S., which had been granted in mid-2024, according to the regulator’s website.