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PONY

Pony AI Inc. American Depositary Shares

https://www.pony.ai

Industry

Rental & Leasing Services

Pony AI Inc., through its subsidiaries, engages in the autonomous mobility in the People's Republic of China and the United States. The company provides robotruck services, such as transportation services to the logistics platforms. It also offers robotaxi services, including a suite of AV engineering solutions comprising AV software deployment and maintenance, vehicle integration and engineering, and road testing; and fare-charging robotaxi services. In addition, the company offers personally-owned vehicle intelligent solutions, including intelligent driving software solutions, proprietary vehicle domain controller products, and data analytics tools; vehicle integration services, software development, and licensing services; and vehicle-to-everything (V2X) products and services to enhance road safety. The company was incorporated in 2016 and is based in Guangzhou, the People's Republic of China.

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Pony AI has been given a 'Buy' rating due to its promising growth potential in the autonomous driving sector. The company's robotaxi and robotruck segments are experiencing strong early growth, supported by strategic partnerships and regulatory approvals. Despite current losses, high R&D investments and industry collaborations are expected to drive innovation and long-term profitability.

Portfolio Pulse from

December 12, 2024 | 6:30 am

Pony AI, a Chinese autonomous vehicle company, recently went public, raising $260 million. Despite initial share price volatility, it is now trading around $12. The company focuses on robotaxi and self-driving truck technology, with significant operations in China and partnerships with major automakers like Toyota. Despite strong revenue growth, Pony AI remains unprofitable, burning $90 million in cash in H1 2024.

Portfolio Pulse from

November 29, 2024 | 2:15 pm

Pony AI, a Chinese autonomous-driving company, is set to make its trading debut after pricing its IPO at $13 per share. The company expects to raise at least $413 million in gross proceeds from the IPO.

Portfolio Pulse from

November 27, 2024 | 1:00 pm

Pony AI Inc. has announced the pricing of its initial public offering on Nasdaq, offering 20 million American depositary shares at $13 each, with an option for underwriters to purchase an additional 3 million shares.

Portfolio Pulse from

November 27, 2024 | 10:15 am

ServiceTitan, Cerebras Systems, and Ming Shing Group went public in the US. Anteris Technologies filed for a $75 million IPO. Pony AI and Venu Holding are scheduled for IPOs next week.

Portfolio Pulse from

November 23, 2024 | 7:30 am

Chinese autonomous vehicle startup Pony AI has increased its IPO target to $260 million as it plans to go public on the Nasdaq stock exchange.

Portfolio Pulse from

November 20, 2024 | 4:15 pm

Pony AI, a Chinese autonomous driving company, is planning an upsized IPO in the US, targeting a valuation of up to $4.55 billion. The company aims to raise up to $260 million by offering 20 million American depositary shares priced between $11 and $13.

Portfolio Pulse from

November 20, 2024 | 4:00 pm

Chinese autonomous driving firm Pony AI is planning to raise up to $260 million in an upsized initial public offering (IPO) in the United States.

Portfolio Pulse from

November 20, 2024 | 12:45 pm

Chinese autonomous driving startup Pony AI is preparing for its U.S. IPO, aiming to raise up to $224 million. However, the company has been reducing its minimum fundraising target.

Portfolio Pulse from

November 14, 2024 | 9:45 pm

Chinese autonomous driving firm Pony AI is targeting a valuation of up to $4.48 billion in its US IPO.

Portfolio Pulse from

November 14, 2024 | 8:30 pm

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