Pony.ai Plans U.S. IPO to Raise Up to $300 Million

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Oct 17, 2024

Autonomous driving startup Pony.ai is preparing to file for an initial public offering (IPO) in the United States, potentially as early as this week, aiming to raise up to $300 million. Sources familiar with the matter revealed that Guangzhou Automobile Group (GAC) is interested in participating in this IPO. Notably, GAC is also an investor in another autonomous vehicle firm, WeRide. The timeline and size of Pony.ai's IPO could still undergo adjustments.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.