Pony.ai, a global leader in autonomous driving technology, today listed on the Nasdaq Global Select Market (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”.