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PONY News

Renaissance Capital's November IPO Market Update

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New issuance started to wind down for the year in November, with eight mostly small IPOs raising a combined $348 million. Activity was well below the 10-year historical average (15 IPOs, $3.7B), though it's worth noting that deal flow often drops off in November...read more

US IPO Weekly Recap: Robotaxi developer and potash miner lead 6 IPO holiday week

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Six IPOs and one SPAC listed this week. One IPO and two SPACs submitted initial filings. China-based robotaxi developer Pony AI (PONY) priced its upsized $260 million IPO at the top of the range, at a $5.1 billion market cap. Through...read more

China-based robotaxi developer Pony AI prices US IPO at $13, the high end of the range

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Pony AI, a China-based developer of autonomous vehicle systems for robotaxis and robotrucks, raised $260 million by offering 20 million ADSs at $13, the high end of the range of $11 to $13. New investors had indicated on $75 million worth of ADSs in the...read more

US IPO Week Ahead: China-based robotaxi developer may debut in short Thanksgiving week

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Two IPOs are currently scheduled in the week ahead. China-based robotaxi developer Pony AI (PONY) tentatively plans to raise $240 million at a $4.7 billion market cap in the week ahead. Through partnerships with leading OEMs, Pony AI aims to...read more