Pony AI Inc. announced the launch of its IPO in Hong Kong, offering 41,955,700 Class A ordinary shares with a dual-primary listing on the Hong Kong Stock Exchange and continued listing on Nasdaq. Investors can only purchase Class A ordinary shares during the IPO. The offering price for the Hong Kong Public Offering will be no more than HK$180.0 per share. The Company plans to use the proceeds for commercializing autonomous driving technology and research. Goldman Sachs, Merrill Lynch, Deutsche Securities, and Huatai Financial are joint sponsors for the IPO. The offering is subject to market conditions and regulatory approvals.

Read more at GlobeNewswire: PONY AI Inc. Launches Hong Kong Initial Public Offering