Pony AI Files for Proposed IPO

(Updated - October 17, 2024 2:12 PM EDT)

Pony AI (PONY) has filed for a proposed IPO.

The company describes itself as: "Pony is a global leader in achieving large-scale commercialization of autonomous mobility. On the public roads of China’s metropolises, Pony has achieved what was once only depicted in science fiction — building a car that drives itself. Today, a commute in a driverless Pony robotaxi is not merely a display of groundbreaking technology, but becoming a part of the daily lives for many residents in these communities. As intuitive as a trip in a traditional taxi, hailing a ride with Pony’s robotaxi offers everyone a revolutionary mobility option to make our streets safer and greener, changing the way the world moves. "

Goldman Sachs (Asia) L.L.C., BofA Securities, Deutsche Bank and Huatai Securities will serve as lead underwriters.

Source: Investing.com