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Listed

2026 PONY-W

Pony AI Inc.

Level 4 autonomous driving technology company providing robotaxi services, robotruck services, and licensing and applications based on its Virtual Driver technology

Overview

Company
Pony AI Inc.
Sector
Autonomous Driving / Mobility Technology
Market
Main Board
Listing date
Nov 6, 2025

Offer Details

Offer price
HKD 139
Board lot
100
Total offer shares
48,249,000
Hong Kong offer shares
4,195,600
International offer shares
44,053,400
Minimum application
100 shares
Gross proceeds
HKD 6,706,610,000
Net proceeds
HKD 6,454,360,000

Timetable

Application deadline
Nov 3, 2025
Refund date
Nov 6, 2025
Trading start
Nov 6, 2025
Listing date
Nov 6, 2025

Allocation Result

Valid applications
37,062
Subscription multiple
15.88x
One-lot success rate
55%
Successful applications
21,421

Basis of Allocation

Success Rate Trend

Each line runs from the lowest application tier to the highest tier within its own pool. Hover or tap a point for the exact tier.

Pool APool B
0%25%50%75%100%FewerMidMorePool A · Applied shares 100 · Applied lots 1 lots · Valid applications 20,756 · Successful applications 11,416 · Success rate 55%Pool A · 1 lotsSuccess rate 55%Pool A · Applied shares 200 · Applied lots 2 lots · Valid applications 5,195 · Successful applications 3,073 · Success rate 59.15%Pool A · 2 lotsSuccess rate 59.15%Pool A · Applied shares 300 · Applied lots 3 lots · Valid applications 1,397 · Successful applications 828 · Success rate 59.27%Pool A · 3 lotsSuccess rate 59.27%Pool A · Applied shares 400 · Applied lots 4 lots · Valid applications 540 · Successful applications 321 · Success rate 59.44%Pool A · 4 lotsSuccess rate 59.44%Pool A · Applied shares 500 · Applied lots 5 lots · Valid applications 1,252 · Successful applications 745 · Success rate 59.5%Pool A · 5 lotsSuccess rate 59.5%Pool A · Applied shares 600 · Applied lots 6 lots · Valid applications 673 · Successful applications 401 · Success rate 59.58%Pool A · 6 lotsSuccess rate 59.58%Pool A · Applied shares 700 · Applied lots 7 lots · Valid applications 249 · Successful applications 149 · Success rate 59.84%Pool A · 7 lotsSuccess rate 59.84%Pool A · Applied shares 800 · Applied lots 8 lots · Valid applications 236 · Successful applications 142 · Success rate 60.17%Pool A · 8 lotsSuccess rate 60.17%Pool A · Applied shares 900 · Applied lots 9 lots · Valid applications 145 · Successful applications 88 · Success rate 60.69%Pool A · 9 lotsSuccess rate 60.69%Pool A · Applied shares 1,000 · Applied lots 10 lots · Valid applications 2,516 · Successful applications 1,527 · Success rate 60.69%Pool A · 10 lotsSuccess rate 60.69%Pool A · Applied shares 1,500 · Applied lots 15 lots · Valid applications 582 · Successful applications 354 · Success rate 60.82%Pool A · 15 lotsSuccess rate 60.82%Pool A · Applied shares 2,000 · Applied lots 20 lots · Valid applications 604 · Successful applications 368 · Success rate 60.93%Pool A · 20 lotsSuccess rate 60.93%Pool A · Applied shares 2,500 · Applied lots 25 lots · Valid applications 207 · Successful applications 127 · Success rate 61.35%Pool A · 25 lotsSuccess rate 61.35%Pool A · Applied shares 3,000 · Applied lots 30 lots · Valid applications 320 · Successful applications 197 · Success rate 61.56%Pool A · 30 lotsSuccess rate 61.56%Pool A · Applied shares 3,500 · Applied lots 35 lots · Valid applications 129 · Successful applications 80 · Success rate 62.02%Pool A · 35 lotsSuccess rate 62.02%Pool A · Applied shares 4,000 · Applied lots 40 lots · Valid applications 172 · Successful applications 107 · Success rate 62.21%Pool A · 40 lotsSuccess rate 62.21%Pool A · Applied shares 4,500 · Applied lots 45 lots · Valid applications 149 · Successful applications 93 · Success rate 62.42%Pool A · 45 lotsSuccess rate 62.42%Pool A · Applied shares 5,000 · Applied lots 50 lots · Valid applications 336 · Successful applications 210 · Success rate 62.5%Pool A · 50 lotsSuccess rate 62.5%Pool A · Applied shares 6,000 · Applied lots 60 lots · Valid applications 232 · Successful applications 146 · Success rate 62.93%Pool A · 60 lotsSuccess rate 62.93%Pool A · Applied shares 7,000 · Applied lots 70 lots · Valid applications 107 · Successful applications 68 · Success rate 63.55%Pool A · 70 lotsSuccess rate 63.55%Pool A · Applied shares 8,000 · Applied lots 80 lots · Valid applications 93 · Successful applications 60 · Success rate 64.52%Pool A · 80 lotsSuccess rate 64.52%Pool A · Applied shares 9,000 · Applied lots 90 lots · Valid applications 49 · Successful applications 32 · Success rate 65.31%Pool A · 90 lotsSuccess rate 65.31%Pool A · Applied shares 10,000 · Applied lots 100 lots · Valid applications 478 · Successful applications 313 · Success rate 65.48%Pool A · 100 lotsSuccess rate 65.48%Pool A · Applied shares 20,000 · Applied lots 200 lots · Valid applications 202 · Successful applications 133 · Success rate 65.84%Pool A · 200 lotsSuccess rate 65.84%Pool B · Applied shares 30,000 · Applied lots 300 lots · Valid applications 202 · Successful applications 202 · Success rate 100%Pool B · 300 lotsSuccess rate 100%Pool B · Applied shares 40,000 · Applied lots 400 lots · Valid applications 45 · Successful applications 45 · Success rate 100%Pool B · 400 lotsSuccess rate 100%Pool B · Applied shares 50,000 · Applied lots 500 lots · Valid applications 40 · Successful applications 40 · Success rate 100%Pool B · 500 lotsSuccess rate 100%Pool B · Applied shares 60,000 · Applied lots 600 lots · Valid applications 28 · Successful applications 28 · Success rate 100%Pool B · 600 lotsSuccess rate 100%Pool B · Applied shares 70,000 · Applied lots 700 lots · Valid applications 23 · Successful applications 23 · Success rate 100%Pool B · 700 lotsSuccess rate 100%Pool B · Applied shares 80,000 · Applied lots 800 lots · Valid applications 13 · Successful applications 13 · Success rate 100%Pool B · 800 lotsSuccess rate 100%Pool B · Applied shares 90,000 · Applied lots 900 lots · Valid applications 3 · Successful applications 3 · Success rate 100%Pool B · 900 lotsSuccess rate 100%Pool B · Applied shares 100,000 · Applied lots 1,000 lots · Valid applications 48 · Successful applications 48 · Success rate 100%Pool B · 1,000 lotsSuccess rate 100%Pool B · Applied shares 200,000 · Applied lots 2,000 lots · Valid applications 17 · Successful applications 17 · Success rate 100%Pool B · 2,000 lotsSuccess rate 100%Pool B · Applied shares 300,000 · Applied lots 3,000 lots · Valid applications 10 · Successful applications 10 · Success rate 100%Pool B · 3,000 lotsSuccess rate 100%Pool B · Applied shares 400,000 · Applied lots 4,000 lots · Valid applications 3 · Successful applications 3 · Success rate 100%Pool B · 4,000 lotsSuccess rate 100%Pool B · Applied shares 500,000 · Applied lots 5,000 lots · Valid applications 2 · Successful applications 2 · Success rate 100%Pool B · 5,000 lotsSuccess rate 100%Pool B · Applied shares 600,000 · Applied lots 6,000 lots · Valid applications 1 · Successful applications 1 · Success rate 100%Pool B · 6,000 lotsSuccess rate 100%Pool B · Applied shares 700,000 · Applied lots 7,000 lots · Valid applications 2 · Successful applications 2 · Success rate 100%Pool B · 7,000 lotsSuccess rate 100%Pool B · Applied shares 1,000,000 · Applied lots 10,000 lots · Valid applications 2 · Successful applications 2 · Success rate 100%Pool B · 10,000 lotsSuccess rate 100%Pool B · Applied shares 1,500,000 · Applied lots 15,000 lots · Valid applications 1 · Successful applications 1 · Success rate 100%Pool B · 15,000 lotsSuccess rate 100%Pool B · Applied shares 2,097,800 · Applied lots 20,978 lots · Valid applications 3 · Successful applications 3 · Success rate 100%Pool B · 20,978 lotsSuccess rate 100%55%59.84%61.35%62.5%65.84%100%100%100%100%100%Applied lots: Fewer -> MoreSuccess rate
PoolApplied sharesApplied lotsValid applicationsSuccessful applicationsSuccess rateAllocated sharesAllocated lotsAllotted %
A100120,75611,41655%0-1000-155%
A20025,1953,07359.15%0-1000-129.58%
A30031,39782859.27%0-1000-119.76%
A400454032159.44%0-1000-114.86%
A50051,25274559.5%0-1000-111.9%
A600667340159.58%0-1000-19.93%
A700724914959.84%0-1000-18.55%
A800823614260.17%0-1000-17.52%
A90091458860.69%0-1000-16.74%
A1,000102,5161,52760.69%0-1000-16.07%
A1,5001558235460.82%0-1000-14.05%
A2,0002060436860.93%0-1000-13.05%
A2,5002520712761.35%0-1000-12.45%
A3,0003032019761.56%0-1000-12.05%
A3,500351298062.02%0-1000-11.77%
A4,0004017210762.21%0-1000-11.56%
A4,500451499362.42%0-1000-11.39%
A5,0005033621062.5%0-1000-11.25%
A6,0006023214662.93%0-1000-11.05%
A7,000701076863.55%0-1000-10.91%
A8,00080936064.52%0-1000-10.81%
A9,00090493265.31%0-1000-10.73%
A10,00010047831365.48%0-1000-10.65%
A20,00020020213365.84%0-1000-10.33%
B30,000300202202100%4,400-4,50044-4514.86%
B40,0004004545100%4,6004611.5%
B50,0005004040100%4,700479.4%
B60,0006002828100%4,800488%
B70,0007002323100%4,900497%
B80,0008001313100%5,000506.25%
B90,00090033100%5,100515.67%
B100,0001,0004848100%5,200525.2%
B200,0002,0001717100%5,300532.65%
B300,0003,0001010100%5,400541.8%
B400,0004,00033100%5,500551.38%
B500,0005,00022100%5,600561.12%
B600,0006,00011100%5,700570.95%
B700,0007,00022100%5,800580.83%
B1,000,00010,00022100%5,900590.59%
B1,500,00015,00011100%6,000600.4%
B2,097,80020,97833100%6,100610.29%