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Benzinga
Benzinga
Business
Kaustubh Bagalkote

Pony AI Stock Falls Over 7% After IPO Pricing At $13, Rebounds Nearly 3% In After Hours

Pony AI IPO Pony AI Inc

Pony AI Inc. (NASDAQ:PONY) debuted on the Nasdaq Global Select Market today, pricing its initial public offering at $13 per ADS. The offering of 20 million ADSs, along with a 30-day underwriters’ option for 3 million additional ADSs, aims to raise $260 million in gross proceeds.

What Happened: The IPO includes concurrent private placements totaling $153.4 million from strategic investors, bringing the combined gross proceeds to $413.4 million. If underwriters exercise their full option, proceeds could reach $452.4 million.

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