Pony AI Inc.

Pony AI Inc. (PONY) priced its initial public offering on Nov 27, 2024 at $13.00 per ADS, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $4.54B. Goldman Sachs was lead-left underwriter, joined by BofA Securities, Deutsche Bank and Huatai and others. Davis Polk, Walkers and Haiwen & Partners advised the company and Cleary Gottlieb and Jingtian & Gongcheng advised the underwriters.

Pony AI Inc. develops autonomous mobility technology and operates driverless robotaxi services on public roads in major Chinese cities, offering ride-hailing that resembles a traditional taxi trip.

Status

IPO

Ticker

PONY

Exchange

Nasdaq Global Select

Priced

Nov 27, 2024

IPO price

$13.00 per ADS

Market cap at IPO price

$4.54B

First filed

Oct 17, 2024

Underwriters

Goldman Sachs, BofA Securities, Deutsche Bank, Huatai and US Tiger

Company counsel

Davis Polk, Walkers and Haiwen & Partners

Underwriters' counsel

Cleary Gottlieb and Jingtian & Gongcheng

Sector

Technology

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.