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Pony.ai to List on Nasdaq Tonight, Final IPO Price Set at $13

Market IntelWednesday, Nov 27, 2024 6:10 am ET

1min read

e company news, Beijing time on November 27, leading autonomous driving company Pony.ai's IPO pricing is USD13/ADS, and is expected to be listed on the Nasdaq Stock Exchange tonight (stock code: PONY), striving to become the first global Robotaxi. This pricing is at the upper limit of the price range of USD11-13. After the issuance scale was expanded by more than 30% before, Pony.ai plans to issue 20 million ADSs (American Depositary Shares), and if the underwriters exercise their over-allotment option, 23 million ADSs will be issued. In addition, Pony.ai will issue common stock through a simultaneous private placement worth about USD153.4 million. The total amount of funds raised in this IPO may reach about USD452 million. Pony.ai has completed seven rounds of financing in the primary market, with a cumulative amount of over USD1.3 billion. Pony.ai launched China's first Robotaxi service in 2018, and its technology and scale are at the leading level in the world. It is one of the few companies in the industry that has achieved commercial operations, and currently provides Robotaxi fee services in Beijing, Shanghai, Guangzhou and Shenzhen.

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McLovin-06_03_81

11/27

$452M raised at $13? Solid entry point. I'm in for the long haul.

Intelligent-Snow-930

11/27

Holding some $PONY, long-term play for me.

EightBitMemory

11/27

Robotaxi leader in China? That's a game-changer. Watch out, $TSLA.

priviledgednews

11/27

Nasdaq listing, but will they outpace $TSLA?

Dynasty__93

11/27

452M raised, but can they keep scaling? 🤔

BeefMasters1

11/27

PONY's pricing at the upper limit is bullish. Gonna load up on this one. 🚀

Sophia Clarke

11/27

$PONY listing tonight, watch for pre-market moves.

HobbyLegend

11/27

Pony.ai's IPO at $13? Bullish on autonomous tech.

serkankster

11/27

Pony.ai's tech is fire. IPO hype feels real. Let's see if it delivers.

Wonderful_Touch5652

11/27

Robotaxi leader, but competition heating up fast.

mrpoopfartman

11/27

Pony.ai hitting the Nasdaq at $13? 🚀 That's a solid entry for any portfolio. Gonna watch how it moves post-IPO.

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