Virtual machines on an MON-enabled extended network are showing "Waiting for IP" status in the HCX Manager.
VMware HCX
Mobility Optimized Networking (MON)
This status indicates that the HCX Manager cannot discover or verify the VM's IP address. This typically occurs due to one of the following:
Note: Dual vNIC Architecture Restriction: A VM configured with two or more vNICs attached to the same extended segment triggers this state because the /32 host route cannot be automatically programmed.