Pony AI's initial public offering


Activity in the IPO market has picked up pace in recent weeks, buoyed by the US Federal Reserve kicking off its highly anticipated policy-easing cycle and benchmark indexes trading near record high levels.

Pony AI, in which Japan’s Toyota owns a 13.4 per cent stake, revealed that its revenue nearly doubled to US$24.7 million in the first half of 2024. Net loss attributable to the company was US$51.3 million in the same period, compared with US$69.4 million last year.

The company said it operates a fleet of over 250 robotaxis, which have accumulated over 33.5 million kilometres of autonomous driving mileage, including over 3.9 million kilometres of driverless mileage. 




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