Pony AI Inc., a global leader in autonomous mobility, announced on November 27, 2024, the pricing of its initial public offering in the United States. The company offered 20 million American Depositary Shares (ADSs) at a price of $13 per ADS, successfully raising approximately $260 million.
Concurrently with the IPO, strategic third-party investors, including JSC International Investment Fund SPC, Guangzhou Nansha Chicheng Future Industry Investment Fund, and Kechuangzhihang Holdings Limited, participated in private placements totaling $153.4 million. This brought the total gross proceeds to Pony AI to approximately $413.4 million, or $452.4 million if the underwriters fully exercise their option to purchase additional ADSs.
The ADSs were approved for listing and began trading on the Nasdaq Global Select Market under the ticker symbol 'PONY' on November 27, 2024. This milestone marks a significant step in Pony AI's journey toward large-scale commercialization and mass production of autonomous vehicles globally.
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