Pony.ai Lists on Nasdaq
Pony.ai, a global leader in autonomous driving technology, has successfully completed its IPO on the Nasdaq Global Select Market under the symbol PONY. The company offered 20 million American Depository Shares at $13.00 per share, raising approximately $260 million, with potential to reach $299 million including over-allotment options. Additional strategic investors participated in concurrent private placements totaling $153.4 million. The combined proceeds will support Pony.ai's mission to deliver autonomous mobility solutions globally.
Pony.ai, un leader globale nella tecnologia di guida autonoma, ha completato con successo la sua IPO sul Nasdaq Global Select Market con il simbolo PONY. L'azienda ha offerto 20 milioni di American Depository Shares a 13,00 dollari per azione, raccogliendo circa 260 milioni di dollari, con il potenziale di raggiungere i 299 milioni di dollari inclusi gli options di over-allotment. Ulteriori investitori strategici hanno partecipato a collocamenti privati simultanei per un totale di 153,4 milioni di dollari. I proventi combinati sosterranno la missione di Pony.ai di fornire soluzioni di mobilità autonoma a livello globale.
Pony.ai, un líder global en tecnología de conducción autónoma, ha completado con éxito su IPO en el mercado Nasdaq Global Select bajo el símbolo PONY. La empresa ofreció 20 millones de American Depository Shares a 13,00 dólares por acción, recaudando aproximadamente 260 millones de dólares, con el potencial de alcanzar los 299 millones de dólares incluyendo opciones de sobreasignación. Inversores estratégicos adicionales participaron en colocaciones privadas simultáneas que totalizan 153,4 millones de dólares. Los ingresos combinados apoyarán la misión de Pony.ai de ofrecer soluciones de movilidad autónoma a nivel mundial.
Pony.ai는 자율주행 기술의 글로벌 리더로서 PONY라는 기호로 Nasdaq Global Select Market에서 성공적으로 IPO를 완료했습니다. 이 회사는 2천만 개의 미국 예탁주식을 주당 13.00달러에 제공하여 약 2억 6천만 달러를 모금하였으며, 오버올로트 옵션을 포함하여 2억 9천9백만 달러에 이를 가능성이 있습니다. 추가적인 전략적 투자자들이 동시에 1억 5천3백4십만 달러 규모의 사모 배급에 참여했습니다. 결합된 수익은 Pony.ai의 글로벌 자율 모빌리티 솔루션 제공 임무를 지원할 것입니다.
Pony.ai, un leader mondial de la technologie de conduite autonome, a réussi à terminer son IPO sur le marché Nasdaq Global Select sous le symbole PONY. L'entreprise a offert 20 millions d'American Depository Shares à 13,00 dollars par action, levant environ 260 millions de dollars, avec un potentiel atteignant 299 millions de dollars y compris les options de surallocation. D'autres investisseurs stratégiques ont participé à des placements privés simultanés totalisant 153,4 millions de dollars. Les produits combinés soutiendront la mission de Pony.ai de fournir des solutions de mobilité autonome à l'échelle mondiale.
Pony.ai, ein globaler Marktführer in der Technologie des autonomen Fahrens, hat erfolgreich seinen IPO am Nasdaq Global Select Market unter dem Symbol PONY abgeschlossen. Das Unternehmen bot 20 Millionen American Depository Shares zu einem Preis von 13,00 Dollar pro Aktie an und erzielte dabei etwa 260 Millionen Dollar, mit dem Potenzial, 299 Millionen Dollar einschließlich Überzeichnungsoptionen zu erreichen. Zusätzliche strategische Investoren nahmen an zeitgleichen Privatplatzierungen im Gesamtwert von 153,4 Millionen Dollar teil. Die kombinierten Erlöse unterstützen die Mission von Pony.ai, weltweit autonome Mobilitätslösungen anzubieten.
- Successful IPO raising $260 million with potential to reach $299 million
- Additional $153.4 million raised through concurrent private placements
- Strong backing from multiple global financial institutions as underwriters
- None.
Insights
The successful IPO of Pony.ai represents a significant milestone in the autonomous vehicle sector, raising
The company's listing on the Nasdaq Global Select Market, the highest tier, indicates strong financial metrics and corporate governance. The participation of institutional underwriters like Goldman Sachs and Deutsche Bank adds credibility. The strategic investment from multiple funds suggests strong institutional confidence in Pony.ai's commercialization strategy.
However, investors should note that autonomous vehicle companies typically require substantial ongoing capital for R&D and face significant regulatory and technological hurdles before achieving profitable commercialization. The competitive landscape includes well-funded rivals like Waymo and Cruise.
Pony.ai's public debut marks a important validation for the commercial viability of autonomous driving technology. The company's focus on mass production and commercialization, rather than just R&D, differentiates it from many competitors. Their established presence in both US and Chinese markets provides unique advantages in the world's two largest automotive markets.
The technology development since 2016 has positioned them well in the race to achieve Level 4 autonomy at scale. Their approach to combining safety with scalability shows promise, though the path to full autonomy remains challenging. The capital raised will be important for advancing their AI capabilities and expanding their commercial deployment footprint.
- Pony.ai is a global leader in the large-scale commercialization of autonomous mobility
Pony.ai's Bell Ringing Ceremony at Nasdaq (Photo: Business Wire)
The IPO offered 20 million American Depository Shares (ADSs) priced at
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 (
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
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241127418883/en/
Media Contact:
Adam Steinberg
Media@pony.ai
Investor Relations:
ir@pony.ai
Source: Pony AI Inc.
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