On November 27th Eastern Time, Pony AI Inc. (hereinafter referred to as "Pony Intelligence" or "the Company", NASDAQ: PONY) was successfully listed on the NASDAQ exchange in the United States. The fundraising scale of this listing is 260 million US dollars, and after exercising the over allotment option, it reached 299 million US dollars. In addition, the company completed a concurrent private placement (CPP) of 153.4 million US dollars, which was significantly oversubscribed during the issuance. Huatai International 1 served as the underwriter for Xiaoma Zhixing's US IPO and was the only Chinese investment bank involved in the transaction, assisting the company in successfully going public.
Xiaoma Zhixing's IPO in the US stock market is the largest IPO project in the autonomous driving industry in 2024, and the third largest concept stock IPO project in 2024. It is also a representative work of Robotaxi's leading enterprise entering the international mainstream capital market, proving that global capital market investors deeply recognize Chinese autonomous driving companies leading the development of the technology industry. This US stock listing marks an important milestone in the internationalization process of Xiaoma Zhixing, and is an important debut of China's cutting-edge technology enterprises in the global capital market, providing valuable opportunities for global investors to invest in high-quality Chinese technology companies.
Huatai has always been committed to laying out cutting-edge technology fields such as artificial intelligence and autonomous driving. It is one of the earliest investment banks to serve related industries, witnessing the transformation of many industry companies from technological exploration to large-scale production, and continuously providing them with global capital operation solutions. The successful listing of Xiaoma Zhixing is another benchmark project of Huatai in the field of cutting-edge technology.
[1] Huatai International participates in this project through its holding subsidiaries Huatai Financial Holdings (Hong Kong) Limited, which holds relevant licenses in Hong Kong, China, and Huatai Securities (USA), which holds relevant licenses in the United States.
[2] Ranked by issuance size, Xiaoma Zhixing's US IPO is the largest US IPO project in the autonomous driving industry and the third largest concept stock IPO project in 2024.