Quote | Super Quote
IPO   |   IPO News   |   Listed IPO Information   |   Hot Listed IPO
Stock Code   IPO News IPO Timetable
IPO Detail
02026 小馬智行－Ｗ
PONY-W
Listing Date2025/11/06    Listing Tomorrow
Listing Price139.000
Grey Market Performance
Last updated: 05/11/2025 19:59  Refresh
  • Bright Smart
    down 122.200 -16.800 (-12.086%)
    High
    123.900
     
    Low
    101.000
    Volume
    9,400
    One Lot Profit
    -1,680.00
  • Phillip
    down 123.500 -15.500 (-11.151%)
    High
    135.000
     
    Low
    117.600
    Volume
    216,000
    One Lot Profit
    -1,550.00
  • Futu
    down 123.200 -15.800 (-11.367%)
    High
    139.000
     
    Low
    100.500
    Volume
    254,000
    One Lot Profit
    -1,580.00
  • Bid
  • Ask
  • 121.800
  • (1) 200
  • 1.2K (1)
  • 122.300
  • 121.700
  • (0) 0
  • 0 (0)
  • 122.400
  • 121.600
  • (0) 0
  • 0 (0)
  • 122.500
  • 121.500
  • (0) 0
  • 0 (0)
  • 122.600
  • 121.400
  • (0) 0
  • 0 (0)
  • 122.700
  • 121.300
  • (0) 0
  • 0 (0)
  • 122.800
  • 121.200
  • (1) 500
  • 0 (0)
  • 122.900
  • 121.100
  • (0) 0
  • 0 (0)
  • 123.000
  • 121.000
  • (0) 0
  • 0 (0)
  • 123.100
  • 120.900
  • (0) 0
  • 0 (0)
  • 123.200
  • Bid
  • Ask
  • 123.500
  • (5) 27K
  • 100 (1)
  • 124.000
  •  
  • (0) 0
  • 200 (2)
  •  
  •  
  • (0) 0
  • 200 (2)
  •  
  •  
  • (0) 0
  • 300 (3)
  •  
  •  
  • (0) 0
  • 0 (0)
  •  
 
Hide
COMPANY PROFILE

Pony AI Inc. has been devoted to developing cutting-edge Level 4 autonomous driving technologies, with a primary focus on robotaxi services. The robotaxi services that the Group offers enable passengers to travel autonomously on a ride-hailing basis in vehicles powered by its proprietary Virtual Driver technology. The Group also operates robotruck services and licensing and application businesses.

--

As of October 10, 2025, the Group is the only Level 4 autonomous driving technology company to have obtained all regulatory permits available and required to provide public-facing robotaxi services in all four Tier-1 cities. PonyPilot had over 512,000 registered users.

--

The Group operated a fleet of over 680 self-owned robotaxis, with over 47.9 million kilometers of autonomous driving mileage cumulatively and a fleet of over 170 self-owned and leased robotrucks, with over 65 million kilometers of driving mileage.

--

The Group’s customers consist primarily of OEMs and TNCs with respect to its robotaxi services, OEMs and logistics platforms with respect to its robotruck services, and sensor and hardware component suppliers and other industry participants with respect to its licensing and applications business.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureTransportation
Major Business AreaChina
Board Lot100
GLOBAL OFFERING
No. of Offer Shares41.96M shares
No. of International Offer Shares37.76M shares
No. of HK Offer Shares4.20M shares
Offer Price$180.00
Stock Code2026
Sponsor(s)Goldman Sachs (Asia) L.L.C., Merrill Lynch (Asia Pacific) Limited, Deutsche Securities Asia Limited, Huatai Financial Holdings (Hong Kong) Limited
Underwriter(s)Goldman Sachs (Asia) L.L.C., Merrill Lynch (Asia Pacific) Limited, Deutsche Bank AG, Hong Kong Branch, Huatai Financial Holdings (Hong Kong) Limited, Macquarie Capital Limited, CLSA Limited, BOCI Asia Limited, Futu Securities International (Hong Kong) Limited, Tiger Brokers (HK) Global Limited
TIME TABLE
Application PeriodOct 28 (Tue) - noon, Nov 03 (Mon)
Price Determination DateNov 04 (Tue)
Result Announcement DateOn or before Nov 05 (Wed)
Result Announcement DateOn or before Nov 05 (Wed)
Result Announcement DateOn or before Nov 06 (Thu)
Dealings in Shares commence onNov 06, 2025. (Thu)
Reallocation of Shares Offered
Sales Statistics (HKD)
Offer Price$180.00
Capitalization76.90B
NAV / share ($)$32.32 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 180.00, the net proceeds raised would be HKD 7.19B, of which
50% : Large-scale commercialization of Level 4 autonomous driving technology, including for business development, production, sales and marketing, customer services
40% : Investments in research and development of Level 4 autonomous driving technology and solutions
10% : Working capital
IPO NEWS
05/11/2025 18:35
{New Stock}PONY-W(02026) ends down 11.15% on grey market
05/11/2025 16:20
{New Stock}PONY-W down 14.03% at HK$119.5 on grey market
Related Document
Prospectus Prospectus  Chinese VersionProspectus  English Version
Remark： The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
IPO Calculator
Name︰
--
--
--
Subscription --
Result Announcement --
Listing --
Offer Price︰--
Currency :
Listing Price :
Board Lot :
Admission Fee*
 :
Subscribing Lot :
Subscribing Fee :
Subscribing Amount :
*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2025 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.