BRIEF: Pony AI falls in Hong Kong trading debut
Shares of robotaxi operator Pony AI Inc. (2026.HK, PONY.US) opened 11% lower in their Hong Kong trading debut on Thursday and continued to fall through the morning to close down 13 % at HK$121 at the midday break.
Pony is also listed in the U.S., where its shares have come under steady pressure since it launched its Hong Kong IPO on Oct. 28. The U.S.-listed shares closed on Wednesday at $16.25, slumping 23% over the past week.
Pony offered 48.25 million shares in the Hong Kong listing priced at HK$139 per share. The public portion of the offering for local Hong Kong investors was nearly 15 times oversubscribed, while the international tranche was 6.7 times oversubscribed, raising total proceeds of HK$6.7 billion（$859 million）.
The autonomous driving startup currently operates over 720 Level-4 robotaxis and 170 driverless cargo vans across four Chinese cities. Its revenue grew 43.3% year-over-year to $35.4 million in the first half of this year, as its net loss widened 87.2% to $96.1 million.
By Lau Chi Hang
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