Pony AI Inc. (Ticker: PONY) is a developer of autonomous vehicle technology for applications such as robotaxis and robotrucks. The company operates a fleet of autonomous vehicles in China and partners with leading automakers and logistics providers. Pony AI is incorporated in the Cayman Islands.

The company will list on November 27, 2024, on NASDAQ. Pony AI is offering 15 million American Depositary Shares (ADS) at an expected price range of $11.00 to $13.00, aiming to raise $240 million. The expected market capitalization at offer is $1.16 billion. The offering is managed by Goldman Sachs (Asia), BofA Securities, Deutsche Bank Securities, Huatai Securities, and Tiger Brokers.