Pony AI launches Hong Kong IPO; plans R&D expansion from proceeds

Published 28/10/2025, 02:42
© Reuters

Investing.com-- Chinese autonomous driving firm Pony AI (NASDAQ:PONY) has launched its Hong Kong initial public offering, issuing about 41.96 million Class A ordinary shares, the company said on Monday.

The proposed maximum offer price is HK$180 ($23.17) per share, with final pricing expected around November 3. Cornerstone investors have already committed about US$120 million to the international tranche, according to the company’s filing.

Pony AI, which is also listed in New York, said proceeds from the Hong Kong listing will be used to advance its Level 4 autonomous driving technology, expand research and development, and bolster working capital.

The move underscores a broader trend among Chinese technology companies seeking dual listings in Hong Kong amid tightening regulatory oversight and geopolitical tensions between the United States and China.

The IPO is jointly underwritten by Goldman Sachs, Bank of America Securities, Deutsche Bank, Huatai Securities, and Macquarie Group.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.