Pony AI, founded in 2016, specializes in autonomous mobility technology, enabling vehicles to operate autonomously rather than manufacturing cars itself.
The company operates its Robotaxi fleet with Toyota Sienna vehicles and has plans to expand its fleet with the Toyota bz4X SUVs in 2024.
Pony AI's IPO launches today with American depositary shares priced at $13 each, aiming to raise $260 million while attaining a market value of $4.5 billion.
Pony AI's shares will be listed under the ticker 'PONY' on the Nasdaq Global Select, reinforcing its commitment to autonomous vehicle innovation.
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