New Stock News | Pony AI starts its IPO today, aiming to be the "world's first Robotaxi stock," set to be listed on the Hong Kong Stock Exchange next week
On October 28, China's leading autonomous driving company Pony AI launched its IPO process in Hong Kong. This IPO plans to issue approximately 41.96 million shares, with about 4.2 million shares available for public offering in Hong Kong, accounting for 10%, and approximately 37.76 million shares for international placement, accounting for 90%. There is also a 15% over-allotment option and a 15% greenshoe option. The maximum offer price per share is set at HKD 180.00, with a minimum lot size of 100 shares. Based on Pony AI's closing price of USD 18.46 on October 24, the upper limit of funds raised corresponds to approximately USD 1.02 billion. Pony AI is expected to be listed on the Hong Kong Stock Exchange on November 6. The IPO has successfully attracted several top international investment institutions, including Eastspring, as cornerstone investors, with a total cornerstone subscription amount reaching USD 120 million, while several strategic investors will also participate in anchor subscriptions. In November 2024, Pony AI will be listed on NASDAQ, becoming the world's first Robotaxi stock. Following this successful listing, Pony AI will establish a dual primary listing structure of "U.S. stocks + Hong Kong stocks," injecting critical capital momentum into the long-term competition in the autonomous driving field
According to Zhitong Finance APP, on October 28, China's leading autonomous driving company XPeng (02026) launched its IPO process in Hong Kong. This IPO plans to issue approximately 41.96 million shares, with about 4.2 million shares available for public offering in Hong Kong, accounting for 10%, and approximately 37.76 million shares for international placement, accounting for 90%. There is also a 15% issuance adjustment option and a 15% over-allotment option. The maximum offer price per share is set at HKD 180.00, with a minimum lot size of 100 shares. Based on XPeng's closing price of USD 18.46 on October 24, the upper limit of the funds raised corresponds to approximately USD 1.02 billion. XPeng is expected to be listed on the Hong Kong Stock Exchange on November 6.
This IPO has successfully attracted several top international investment institutions as cornerstone investors, including Eastspring, with a total cornerstone subscription amount reaching USD 120 million, while also securing participation from multiple strategic investors for anchor subscriptions. In November 2024, XPeng will be listed on NASDAQ, becoming the world's first Robotaxi stock. Following this successful listing, XPeng will establish a dual primary listing structure of "U.S. stocks + Hong Kong stocks," injecting critical capital momentum into the long-term competition in the autonomous driving field
