Pony AI Completes Dual Listing in US and Hong Kong, Raising HK$7.7 Billion Post-Greenshoe

Deep News
12 hours ago

Autonomous driving company Pony AI Inc announced its listing on the main board of the Hong Kong Stock Exchange. In this Hong Kong IPO, the company fully exercised its over-allotment option, issuing approximately 48.25 million shares, with total proceeds reaching HK$7.7 billion after the greenshoe. This marks the largest IPO in the autonomous driving sector in 2025.

In November 2024, Pony AI Inc successfully listed on the Nasdaq under the ticker "PONY." The Hong Kong listing establishes a dual-primary listing structure for the company, enhancing cross-market synergy in pricing mechanisms, liquidity sources, and investor diversification. It also lays the groundwork for potential inclusion in the Stock Connect program to attract mainland investors.

Founder and CEO James Peng stated: "After nearly nine years of persistence and exploration, Pony AI stands at the dawn of large-scale commercialization of autonomous driving. Our technological advancements, real-world deployments, and ecosystem development are now coming to fruition. The Hong Kong listing is a pivotal step in our global capital strategy and a milestone for expanding our global market presence and partnerships."

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10