Core Viewpoint - Xiaoma Zhixing has commenced its public offering, aiming to issue approximately 41.96 million shares, with a maximum price of HKD 180.00 per share, and plans to list on November 6 [1][4]. Group 1: Offering Details - The total number of shares for global offering is 41,955,700, with 10% allocated for public offering in Hong Kong and 90% for international placement [2]. - The estimated net proceeds from the global offering are approximately HKD 7.1936 billion, assuming no exercise of the over-allotment option [4]. - The entry fee for investors is HKD 18,181.54 for a minimum purchase of 100 shares [1]. Group 2: Company Background - Xiaoma Zhixing became the first company in China to launch L4 autonomous driving services at the end of 2018, ahead of its competitors [2]. - The company is one of the first in China to obtain licenses for operating fully autonomous L4 taxis in designated areas of four first-tier cities [3]. - Xiaoma Zhixing is also the first company approved for testing autonomous truck platooning on interprovincial highways in China, expected to start in December 2024 [3]. Group 3: Financial Projections and Use of Proceeds - Xiaoma Zhixing is projected to generate revenue of USD 75 million in 2024, surpassing its competitor, Company W, which is expected to generate approximately USD 49.3 million [4]. - The company plans to allocate about 50% of the net proceeds from the offering to market entry strategies for large-scale commercialization of L4 technology, 40% for ongoing R&D investments, and 10% for working capital and general corporate purposes [4].

Pony是实现自动驾驶出行大规模商业化的领导者，为(i)截至最后可行日期唯一一家获得在四座一线城市 提供面向公众的自动驾驶出行服务全部可得及所需监管许可的L4自动驾驶科技公司，截至同日运营一 支由超过720辆自有自动驾驶出租车组成的车队；及(ii)中国首家于2024年12月获准在跨省高速公路上进 行L4无人驾驶的自动驾驶卡车编队测试的公司，截至最后可行日期运营一支由超过170辆自有及租赁自 动驾驶卡车组成的车队。 格隆汇10月28日丨小马智行-W(02026.HK)发布公告，公司拟全球发售4195.57万股发售股份，中国香港 发售股份419.56万股，国际发售股份3776.01万股(以上可予重新分配及视乎发售量调整权及超额配股权 行使与否而定)；2025年10月28日至11月3日招股，预期定价日为11月4日；公开发售价将不会超过每股 发售股份180.00港元，A类普通股将以每手100股A类普通股进行交易，高盛、BOfA SECURITIES、 Deutsche Bank、华泰国际为联席保荐人；预期A类普通股11月6日于联交所开始买卖。 公司于2018年底成为首家在中国推出自动驾驶出行服务的L4自动驾驶科技公司 ...