Group 1 - Pony AI Inc. (NASDAQ:PONY) has seen a significant stock increase of 11.13% to $21.87 following the announcement of its initial public offering (IPO) in Hong Kong, which could raise up to $1 billion [1][3] - The company plans to issue over 41.95 million shares, with 4.19 million shares allocated for Hong Kong investors and 37.76 million shares for international investors, with a potential overallotment of up to 7.2 million additional shares [2] - The offer price is expected to be set at no more than HK$180 ($23.17), with the final price to be determined on November 3, 2025, and shares will be traded under the stock code "2026" [3] Group 2 - Proceeds from the IPO will be utilized for advancing Level 4 autonomous driving technology in key markets, with remaining funds allocated for research and development and general corporate purposes [4] - Pony AI has already secured $120 million in cornerstone investments from institutional investors, including $100 million from Uber Technologies Inc. [4]
Pony AI (PONY) Soars 11% as Firm Kicks Off Hong Kong Listing