Core Viewpoint - Xiaoma Zhixing (2026.HK) has made a significant step in the capital market by finalizing the offer price for its international and Hong Kong public offerings at HKD 139 per share [1] Group 1: Offering Details - Due to strong demand from institutional and market investors, Xiaoma Zhixing exercised its over-allotment option, issuing approximately 6.29 million additional shares, which represents 15% of the initially available shares for global subscription [3] - If the over-allotment option is fully exercised, the total fundraising could reach up to HKD 7.7 billion [3] Group 2: Cornerstone Investors - The IPO attracted several investment institutions, including Eastspring, with cornerstone subscriptions totaling USD 120 million [3] - Specific subscriptions include Eastspring at USD 20 million, Ghisallo at USD 50 million, Athos at USD 25 million, HelVed at USD 15 million, and OceanArete at USD 10 million, accounting for approximately 12.34% of the total issuance [3] Group 3: Fund Utilization - Xiaoma Zhixing has a clear plan for the use of raised funds, with approximately 50% allocated for market entry strategies and large-scale commercialization of L4 autonomous driving technology [3] - About 40% will be used for the development of L4 autonomous driving technology and solutions, while 10% is designated for working capital needs and other general corporate purposes [3] Group 4: Market Expectations - Xiaoma Zhixing's shares are set to begin trading on the Hong Kong Stock Exchange on November 6, with expectations for performance in the secondary market [3]

Core Viewpoint - Pony.ai (2026.HK) has set the final offer price for its international and Hong Kong public offering at HKD 139 per share, driven by strong demand from institutional and market investors [2] Group 1: IPO Details - The company exercised its over-allotment option in full, increasing the offering by approximately 6.29 million additional shares, which represents 15% of the total shares initially available for subscription [2] - If the over-allotment option is fully exercised, the total fundraising could reach up to HKD 7.7 billion [2] - The IPO has attracted several cornerstone investors, including Eastspring, with a total cornerstone subscription amounting to USD 120 million [4] Group 2: Fund Allocation - The funds raised will be allocated as follows: approximately 50% for market entry strategies and large-scale commercialization of L4 autonomous driving technology, about 40% for the development of L4 autonomous driving technology and solutions, and 10% for working capital needs and other general corporate purposes [4] Group 3: Trading Information - Pony.ai's shares are set to commence trading on the Hong Kong Stock Exchange on November 6 [4]

Core Viewpoint - The company, Pony.ai, has successfully set the final offer price for its international and Hong Kong public offerings at HKD 139 per share, driven by strong demand from institutional and market investors [1] Group 1: Offering Details - The company exercised its overallotment option in full, issuing approximately 6.29 million additional shares, which represents 15% of the initially available shares for subscription [1] - If the overallotment option is fully exercised, the total fundraising amount could reach up to HKD 7.7 billion [1] Group 2: Fund Allocation - Approximately 50% of the raised funds will be allocated to implementing market entry strategies and advancing the large-scale commercialization of Level 4 (L4) autonomous driving technology [1] - About 40% of the funds will be used for the development of L4 autonomous driving technology and solutions [1] - The remaining 10% will be directed towards working capital needs and other general corporate purposes [1] Group 3: Trading Information - The company's shares are set to commence trading on the main board of the Hong Kong Stock Exchange on November 6 [1]

Core Viewpoint - The company, Pony.ai, has set the final offer price for its international and Hong Kong public offering at HKD 139 per share, driven by strong demand from institutional and market investors [1] Group 1: Offering Details - The company fully exercised its over-allotment option, issuing approximately 6.29 million additional shares, which represents 15% of the initially available shares for subscription [1] - If the over-allotment option is fully exercised, the total fundraising could reach up to HKD 7.7 billion [1] Group 2: Fund Allocation - Approximately 50% of the raised funds will be allocated to implementing market entry strategies and advancing the large-scale commercialization of Level 4 (L4) autonomous driving technology [1] - About 40% of the funds will be used for the development of L4 autonomous driving technology and solutions [1] - The remaining 10% will be allocated for working capital needs and other general corporate purposes [1] Group 3: Trading Information - The company's shares are set to commence trading on the Hong Kong Stock Exchange's main board on November 6 [1]

Group 1 - The final offer price for the international and Hong Kong public offering of Pony.ai-W (02026.HK) is set at HKD 139.00 per share, considering various factors including the closing price of American depositary shares on NASDAQ as of October 31, 2025 [1] - The company plans to issue an additional 6.29 million new shares, representing approximately 15% of the initially proposed offering shares, due to the full exercise of the over-allotment option [1] - The total gross proceeds from the global offering, before underwriting fees and offering expenses, are expected to be approximately HKD 6.71 billion, assuming the over-allotment option is not exercised [1] Group 2 - Approximately 50% of the net proceeds from the global offering will be used to implement the market entry strategy for large-scale commercialization of L4 autonomous driving technology in key accessible markets [2] - About 40% of the proceeds will be allocated for ongoing investment in the research and development of L4 autonomous driving technology and solutions [2] - The remaining 10% will be utilized for working capital needs and other general corporate purposes [2]

Core Points - The company Xiaoma Zhixing-W (02026.HK) plans to conduct an initial public offering (IPO) from October 28 to November 3, 2025, with a global offering of 41.9557 million shares, where 10% is allocated for public sale in Hong Kong and 90% for international sale, along with a 15% over-allotment option [1] - The public offering price is set at a maximum of HKD 180.00 per share, with the A-class ordinary shares expected to start trading on the Hong Kong Stock Exchange on November 6, 2025 [1] - Cornerstone investors including Eastspring, Ghisallo, Hel Ved, and Ocean Arete have committed to subscribe for shares totaling USD 120 million at the international offering price [1] - The net proceeds from the global offering are expected to be approximately HKD 7.1936 billion, with around 50% allocated for market entry strategies to achieve large-scale commercialization of Level 4 (L4) autonomous driving technology over the next five years, and about 40% for ongoing investment in the research and development of L4 autonomous driving technologies and solutions [1] - Xiaoma Zhixing is a leader in the large-scale commercialization of L4 autonomous driving services, being the only company with full licenses to provide public autonomous driving services in four first-tier cities, operating a fleet of over 720 self-owned autonomous taxis [1] - The company is also the first in China authorized to conduct L4 autonomous truck platooning tests on interprovincial highways, operating a fleet of over 170 self-owned and leased autonomous trucks [1]

Group 1 - The company, Pony.ai, plans to conduct a global offering of 41.9557 million shares from October 28 to November 3, 2025, with a maximum public offering price of HKD 180.00 per share [1] - Approximately 50% of the net proceeds from the global offering, estimated at HKD 7.1936 billion, will be allocated to market entry strategies for large-scale commercialization of L4 autonomous driving technology [2] - Pony.ai is recognized as a leader in the commercialization of autonomous driving services, being the only company to have obtained all necessary regulatory approvals to provide public autonomous driving services in four first-tier cities [2] Group 2 - The company achieved revenues of USD 71.899 million and USD 75.025 million in 2023 and 2024, respectively, with gross profits of USD 16.884 million and USD 11.403 million [3] - In the first half of 2025, the company reported revenues of approximately USD 35.434 million and gross profits of USD 5.779 million [3]

Core Viewpoint - The company, Pony.ai, is set to launch an initial public offering (IPO) with a global offering of approximately 41.96 million shares, aiming to raise around HKD 7.1936 billion for the commercialization of L4 autonomous driving technology [1][2]. Group 1: IPO Details - The IPO will take place from October 28 to November 3, 2025, with a public offering price not exceeding HKD 180.00 per share [1]. - The offering consists of 10% for public sale in Hong Kong and 90% for international sale, with an additional 15% over-allotment option [1]. - The shares are expected to start trading on the Hong Kong Stock Exchange on November 6, 2025 [1]. Group 2: Use of Proceeds - Approximately 50% of the net proceeds will be allocated to market entry strategies for large-scale commercialization of L4 autonomous driving services, including business development and customer service [2]. - About 40% of the funds will be invested in ongoing research and development of L4 autonomous driving technology and solutions [2]. Group 3: Company Performance - In 2023 and 2024, the company reported revenues of USD 71.899 million and USD 75.025 million, with gross profits of USD 16.884 million and USD 11.403 million, respectively [3]. - For the first half of 2025, the company achieved revenue of approximately USD 35.434 million and gross profit of USD 5.779 million [3].