Pony AI (PONY) Prices 20M Share IPO at $13/sh

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Pony AI Inc. Announces Pricing of Initial Public Offering

November 27, 2024 5:00 AM EST

GUANGZHOU, China, Nov. 27, 2024 (GLOBE NEWSWIRE) -- Pony AI Inc. (Pony.ai or the Company) (Nasdaq: PONY), a global leader in achieving large-scale commercialization of autonomous mobility, today announced the pricing of its initial public offering (the Offering) of 20,000,000 American depositary shares (ADSs), each representing one Class A ordinary share of the Company, at a price to the public of US$13 per ADS. The Company has granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to 3,000,000 additional ADSs.

The ADSs have been... More