Pony.ai, a worldwide chief in autonomous driving know-how, right this moment listed on the Nasdaq World Choose Market and celebrated its preliminary public providing by ringing the Nasdaq opening bell. The IPO marks a big milestone in Pony.ai’s journey towards world management within the large-scale commercialization and mass manufacturing of autonomous autos.
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The IPO provided 20 million American Depository Shares (ADSs) priced at $13.00 per share, elevating roughly $260 million, or $299 million if together with the three million ADSs over allotment choice. As well as, strategic third-party buyers, together with JSC Worldwide Funding Fund SPC, Guangzhou Nansha Chicheng Future Trade Funding Fund and Kechuangzhihang Holdings Restricted, participated in concurrent personal placements totaling $153.4 million. Mixed, these proceeds will speed up Pony.ai’s mission to ship protected, sustainable, and accessible autonomous mobility options worldwide.
Pony.ai co-founder and CEO, Dr. James Peng stated: “Since our founding in 2016, Pony.ai has grown into a worldwide chief within the large-scale commercialization and mass manufacturing of autonomous mobility. This achievement wouldn’t have been attainable with out the unwavering help of our customers, companions, shareholders, and workers. Over the previous eight years, now we have navigated the business via cycles, and achieved outstanding breakthroughs in autonomous driving applied sciences. Now, as we attain this pivotal second in our commercialization journey, we sit up for delivering safer, extra environment friendly, and accessible mobility options for society. At the moment marks the start of a transformative chapter for Pony.ai, and the daybreak of a brand new period for autonomous mobility.”
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Pony.ai co-founder and CTO, Dr. Tiancheng Lou stated: “Our debut on Nasdaq is only the start of the profound methods during which autonomous driving know-how will change the world. The journey to revolutionize mobility is akin to climbing Mount Everest – a path that calls for perseverance, endurance, and a dedication to a long-term imaginative and prescient. Via steady innovation, we intention to attain a technological transformation that may allow autonomous driving to surpass human drivers. At the moment’s milestone Nasdaq itemizing strengthens our mission to redefine the driving expertise, providing unprecedented ranges of security, effectivity, and comfort. We’re happy to see our imaginative and prescient take root globally as we proceed shaping the way forward for mobility powered by AI.”
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