Pony AI Inc. (Ticker: 2026 HK) is a Chinese autonomous mobility technology company specializing in the large-scale commercialization of Level 4 autonomous driving systems. Founded in 2016, Pony.ai develops its proprietary Virtual Driver full-stack platform that integrates software, hardware, and services across multiple transportation applications. The company plans to list its Class A ordinary shares on the Hong Kong Stock Exchange on November 6, 2025, offering 41.96 million primary shares at a maximum price of HKD 180.00 per share, aiming to raise approximately HKD 7.55 billion (about $972 million).

The Hong Kong IPO comprises both a public and an international offering and follows Pony.ai’s continued dual-primary listing alongside its ADSs on NASDAQ (PONY US). The offering is jointly managed by Goldman Sachs (Asia), BofA Securities, Deutsche Bank AG Hong Kong, Huatai Financial, Macquarie Capital, CLSA, BOCI Asia, and Futu Securities. Pony.ai intends to use the IPO proceeds to commercialize its Level 4 autonomous driving technology, advance R&D, and support working capital needs.