Core Viewpoint - Pony AI Inc. is launching its initial public offering (IPO) in Hong Kong, offering 41,955,700 Class A ordinary shares, with a dual-primary listing on the Hong Kong Stock Exchange under the stock code "2026" [1] Offering Details - The Hong Kong IPO consists of a public offering of 4,195,600 Class A ordinary shares and an international offering of 37,760,100 Class A ordinary shares, starting on October 28, 2025 [1] - The initial allocation for the Hong Kong Public Offering and the International Offering represents 10% and 90% of the total shares available, respectively, with potential adjustments based on oversubscription [2] - The maximum offering price for the Hong Kong Public Offering is set at HK$180.0 (approximately US$23.17) per Class A ordinary share [3] Investment Agreements - The Company has secured cornerstone investment agreements with certain investors, committing to subscribe for shares at the International Offering Price for a total of US$120.0 million [4][5] Use of Proceeds - The net proceeds from the IPO will be utilized for market strategies, research and development of Level 4 autonomous driving technology, and general working capital [6] Underwriters and Coordinators - The IPO is being managed by several financial institutions, including Goldman Sachs, Merrill Lynch, Deutsche Bank, and Huatai, serving various roles such as joint sponsors and global coordinators [7] Company Overview - Pony AI Inc. is recognized as a leader in the commercialization of autonomous mobility, focusing on developing a sustainable business model for mass production and deployment of autonomous vehicles [11]
PONY AI Inc. Launches Hong Kong Initial Public Offering