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Driverless tech firm Pony AI raises $863 million in HK listing

(Bloomberg) — Pony AI Inc. (PONY) raised HK6.71billion(6.71 billion (863 million) in its Hong Kong listing, pricing shares at HK139each.MostReadfromBloombergThecompanysold42millionsharesinthebaseofferingandexercisedtheoptiontosellanadditional6.3million,accordingtoafilingMondayconfirminganearlierBloombergNewsreport.Thepricerepresentsadiscountofslightlyover4139 each. Most Read from Bloomberg The company sold 42 million shares in the base offering and exercised the option to sell an additional 6.3 million, according to a filing Monday confirming an earlier Bloomberg News report. The price represents a discount of slightly over 4% to its Friday close of 18.68 per American depositary receipt on the Nasdaq. A Pony.ai Inc. autonomous vehicle i ...