NEW YORK--(BUSINESS WIRE)--NASDAQ MarketSite – Pony.ai, a global leader in autonomous driving technology, today listed on the Nasdaq Global Select Market (NASDAQ: PONY) and celebrated its initial public offering by ringing the Nasdaq opening bell. The IPO marks a significant milestone in Pony.ai’s journey toward global leadership in the large-scale commercialization and mass production of autonomous vehicles.
The IPO offered 20 million American Depository Shares (ADSs) priced at $13.00 per share, raising approximately $260 million, or $299 million if including the 3 million ADSs over allotment option. In addition, strategic third-party investors, including JSC International Investment Fund SPC, Guangzhou Nansha Chicheng Future Industry Investment Fund and Kechuangzhihang Holdings Limited, participated in concurrent private placements totaling $153.4 million. Combined, these proceeds will accelerate Pony.ai’s mission to deliver safe, sustainable, and accessible autonomous mobility solutions worldwide.
Pony.ai co-founder and CEO, Dr. James Peng said: “Since our founding in 2016, Pony.ai has grown into a global leader in the large-scale commercialization and mass production of autonomous mobility. This achievement would not have been possible without the unwavering support of our users, partners, shareholders, and employees. Over the past eight years, we have navigated the industry through cycles, and achieved remarkable breakthroughs in autonomous driving technologies. Now, as we reach this pivotal moment in our commercialization journey, we look forward to delivering safer, more efficient, and accessible mobility solutions for society. Today marks the beginning of a transformative chapter for Pony.ai, and the dawn of a new era for autonomous mobility.”
Pony.ai co-founder and CTO, Dr. Tiancheng Lou said: “Our debut on Nasdaq is just the beginning of the profound ways in which autonomous driving technology will change the world. The journey to revolutionize mobility is akin to climbing Mount Everest - a path that demands perseverance, patience, and a commitment to a long-term vision. Through continuous innovation, we aim to achieve a technological transformation that will enable autonomous driving to surpass human drivers. Today’s milestone Nasdaq listing strengthens our mission to redefine the driving experience, offering unprecedented levels of safety, efficiency, and convenience. We are pleased to see our vision take root globally as we continue shaping the future of mobility powered by AI.”
The offering was underwritten by leading global financial institutions, including Goldman Sachs (Asia) L.L.C., Merrill Lynch (Asia Pacific) Limited, Deutsche Bank AG, Hong Kong Branch, Huatai Securities (USA), Inc., and Tiger Brokers (NZ).
Shares are now trading under the ticker symbol “PONY”.
About Pony.ai
Pony AI Inc. (“Pony.ai”) is a global leader in the large-scale commercialization of autonomous mobility. Leveraging its vehicle-agnostic Virtual Driver technology – a full-stack autonomous driving technology that seamlessly integrates its proprietary software, hardware, and services, Pony.ai is developing a commercially viable and sustainable business model that enables the mass production and deployment of vehicles across transportation use cases. Founded in 2016, Pony.ai has expanded its presence across China, Europe, East Asia, the Middle East, and other regions, ensuring widespread accessibility to its advanced technology. Pony.ai is among the first in China to obtain licenses to operate fully driverless vehicles in all four Tier-1 cities in China (Beijing, Guangzhou, Shanghai, Shenzhen) and has begun to offer public-facing, fare-charging robotaxi services without safety drivers in Beijing, Guangzhou and Shenzhen. Pony.ai operates a fleet consisting of over 250 robotaxis. To date, Pony.ai has driven nearly 40 million autonomous testing and operation kilometers (nearly 24.8 million miles) on open roads worldwide.
Registration Statement
A registration statement relating to these securities has been filed with and declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy.
Forward-Looking Statements
This communication contains forward-looking statements based on current expectations, which are subject to risks and uncertainties that could cause actual results to differ materially. Please refer to our latest filings for a discussion of these factors.
