BRIEF: Pony.ai to raise up to $200 million from U.S. listing
Robotaxi operator Pony AI Inc. (PONY.US) plans to sell 15 million American depositary shares (ADS) at a price range of $11 to $13 per ADS in its upcoming Nasdaq IPO, according to its latest filing with the U.S. securities regulator on Thursday. The listing could raise up to $195 million if the shares price at the top of their range.
The announcement comes just weeks after rival robotaxi operator WeRide (WRD.US) raised $440 million through an IPO and concurrent private placement in late October. WeRide shares initially rose as much as 45% after their trading debut but have given back most of their gains to close at $15.79 on Thursday, about 2% above their IPO price of $15.50.
Pony.ai reported its revenue rose 85% to $39.5 million in the first nine months of this year from $21.3 million a year earlier. Its net loss narrowed to $94 million from $105 million over the same period.
By Doug Young
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