Pony.ai plans to issue no more than 102 million ordinary shares for its Hong Kong IPO, raising funds for market expansion and technological research and development.

Pony.ai plans to list in Hong Kong, offering no more than 102 million ordinary shares. The proceeds will be primarily used for market expansion, Level 4 technology research and development, and working capital. Upon successful listing, the company will establish a dual primary listing structure with US and Hong Kong listings.