Pony AI Inc. (Stock Code: 2026) Sets HK$139 Offer Price and Plans November 6 Listing

Bulletin Express
Nov 03

Pony AI Inc. announced a final offer price of HK$139.00 per Offer Share for both the International Offering and the Hong Kong Public Offering. The Class A Ordinary Shares under stock code 2026 are expected to begin trading on the Main Board of the Hong Kong Stock Exchange on November 6, 2025. According to the announcement, the closing price per ADS on the Nasdaq on October 31, 2025, was considered when determining the final offer price.

The full exercise of the Offer Size Adjustment Option will see 6,293,300 additional new Shares issued, resulting in anticipated gross proceeds of approximately HK$6.71 billion before underwriting fees and expenses. An Over-allotment Option has also been granted for up to 7,237,300 additional Shares, representing 15% of the Offer Shares (taking into account the full exercise of the Offer Size Adjustment Option), exercisable within 30 days from the day following the last day for lodging applications under the Hong Kong Public Offering.

As stated in the announcement, net proceeds are planned to support large-scale commercialization of Level 4 autonomous driving technology, further research and development, and general corporate purposes. The company's weighted voting rights structure remains in effect, granting certain shareholders significant influence over corporate matters. Further details on fund allocation and final application results for the Hong Kong Public Offering are expected to be released on November 5, 2025.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10