Driverless Tech Firm Pony AI Raises $863 Million in HK Listing
A Pony.ai Inc. autonomous vehicle in Shanghai, China.
Photographer: Qilai Shen/BloombergPony AI Inc. raised HK$6.71 billion ($863 million) in its Hong Kong listing, pricing shares at HK$139 each.
The company sold 42 million shares in the base offering and exercised the option to sell an additional 6.3 million, according to a filing Monday confirming an earlier Bloomberg News report. The price represents a discount of slightly over 4% to its Friday close of $18.68 per American depositary receipt on the Nasdaq.