Pony AI Inc. filed a Form F-1 registration statement for an initial public offering on 2024-10-17. It has amended it 4 times. It filed its final prospectus on 2024-11-27. Each fact below is quoted from the filing named with it.
What the filings say
Listing
We have been approved for listing the ADSs representing our Class A ordinary shares on the Nasdaq Global Select Market under the symbol “ PONY.”From the 424B4 filed 2024-11-27
Shares offered
This is an initial public offering of American depositary shares, or ADSs, representing Class A ordinary shares of Pony AI Inc. We are offering a total of 20,000,000 ADSs, each representing one Class A ordinary share, par value US$0.0005 per share.From the 424B4 filed 2024-11-27
Use of proceeds
We intend to use the net proceeds from the offering and the concurrent private placements for (i) execution of our go-to market strategies in order to carry out the large-scale commercialization of our autonomous driving technology in our key addressable markets;From the 424B4 filed 2024-11-27
Revenue
Our total revenues increased by 85.5% from US$21.3 million in the nine months ended September 30, 2023 to US$39.5 million during the same period in 2024.From the F-1/A filed 2024-11-25
Net loss or income
As a result of the foregoing, we incurred a net loss of US$93.9 million in the nine months ended September 30, 2024, compared to a net loss of US$104.6 million during the same period in 2023.From the F-1/A filed 2024-11-25
Timeline
| Filed | What it is | Filing |
|---|---|---|
| 2024-10-17 | Registration statement filed (foreign issuer) | F-1 |
| 2024-11-07 | Registration statement amended (foreign issuer) | F-1/A |
| 2024-11-14 | Registration statement amended (foreign issuer) | F-1/A |
| 2024-11-20 | Registration statement amended (foreign issuer) | F-1/A |
| 2024-11-25 | Registration statement amended (foreign issuer) | F-1/A |
| 2024-11-27 | Final prospectus filed: the offering is priced | 424B4 |
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Where this comes from
A company that wants to sell shares to the public in the United States files a registration statement with the SEC: Form S-1 for a US company, Form F-1 for a foreign one. It amends that statement as the figures and terms are filled in, usually adding the expected price range shortly before the offering. Once the offering is priced it files its final prospectus under Rule 424(b)(4). A company that decides not to go ahead can ask for the registration statement to be withdrawn on Form RW.
Every row on this page is one of those filings, linked to the filing itself. The facts are the company's own sentences, quoted from the filing named beside each one and never reworded; where no filing states a fact in a sentence that can be read exactly, this page leaves it out. A filing is the company's statement of its plans and its figures, not a verification of them, and nothing here is investment advice.