Concurrently with, and subject to, the completion of this Offering, certain strategic third-party investors have agreed to purchase approximately US$153.4 million worth of Class A ordinary shares from the Company at a price per share equal to the Offering price adjusted to reflect the ADS-to-Class A ordinary share ratio, including (i) US$ equivalent of RMB500 million by JSC International Investment Fund SPC, (ii) US$ equivalent of RMB300 million by Guangzhou Nansha Chicheng Future Industry Investment Fund Partnership (Limited Partnership), (iii) US$27 million by Guangqipony Holdings Limited, and (iv) US$15 million by Kechuangzhihang ...
GUANGZHOU, China, Nov.27, 2024 (GLOBE NEWSWIRE) -- Pony AI Inc.("Pony.ai" or the "Company") (NASDAQ:PONY), a global leader in achieving large-scale commercialization of autonomous mobility, today announced the pricing of its initial public offering (the "Offering") of 20,000,000 American depositary shares ("ADSs"), each representing one Class A ordinary share of the Company, at a price to the public of US$13 per ADS.
The Offering is expected to close on November 29, 2024 Eastern Time, subject to customary closing conditions.Goldman Sachs (Asia) L.L.C., Merrill Lynch (Asia Pacific) Limited, Deutsche Bank AG, Hong Kong Branch, Huatai Securities (USA), Inc., and Tiger Brokers (NZ) Limited are acting as underwriters for the Offering.
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