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Pony AI Priced, Nasdaq: PONY

China-based developer of autonomous vehicle systems for robotaxis and robotrucks.

Industry: Technology

Latest Trade: $13.91 +0.75 (+5.7%)

First Day Return: -7.7%

Return from IPO: +1.2%

Industry: Technology

Pony is a global leader in achieving large-scale commercialization of autonomous mobility. On the public roads of China’s metropolises, Pony has achieved what was once only depicted in science fiction—building a car that drives itself. Today, a commute in a driverless Pony’s robotaxi offers everyone a revolutionary mobility option to make our streets safer and greener, changing the way the world moves. After one summons a ride on the PonyPilot mobile app, a robotaxi shows up at the designated pick-up spot quickly—looking no different from a traditional taxi, except for the equipped sensors watching and coping with the streets. But the difference lies beneath the surface—no one is behind the driving wheel. Passengers, unlock the door using the app and climb into the back seat. The robotaxi hits the road and navigates the crowded urban districts confidently and smoothly, expertly handling unexpected snags with ease and intelligently identifying all the obstacles in its path, including other cars, pedestrians, construction zones, and even in inclement weather conditions. As the steering wheel turns itself with seamless precision, the car brakes and accelerates without any human intervention, until it pulls over steadily at the destination.
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IPO Data
IPO File Date 10/17/2024
Offer Price $13.00
Price Range $11.00 - $13.00
Offer Shares (mm) 20.0
Deal Size ($mm) $260
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 11/26/2024
Offer Price $13.00
Price Range $11.00 - $13.00
Offer Shares (mm) 20.0
Deal Size ($mm) $260
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Goldman Sachs (Asia)
BofA Securities
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Company Data
Headquarters Guangzhou, China
Founded 2016
Employees at IPO 1,359
Website www.pony.ai

Pony AI (PONY) Performance