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2024-11-15 14:31:27
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Pony.ai Officially Launches IPO, Anticipating to Raise Up to $378 Million
Chinese autonomous driving company Pony.ai submitted its red herring prospectus to the U.S. Securities and Exchange Commission on November 14, Eastern Time, officially starting the initial public offering (IPO) process. Pony.ai plans to list on NASDAQ under the stock code 'PONY' with the goal of becoming the 'first global Robotaxi stock.' This IPO will issue 15 million American Depositary Shares (ADS), with a pricing range of $11 to $13 per ADS. If the underwriters fully exercise their over-allotment option...