XiaoMa Intelligent Driving's IPO is gaining popularity, with the issuance size increased by 33% to 20 million shares.

On November 20, Eastern Time, autonomous driving company Pony.ai updated its prospectus to the U.S. Securities and Exchange Commission (SEC) and plans to be listed on the Nasdaq under the stock symbol "PONY". Due to the unprecedented enthusiasm from investors for Pony.ai's IPO, the company has increased the IPO size from the original 15 million ADS to 20 million ADS, a 33.3% increase. The IPO price range for Pony.ai is set at $11-$13/ADS. If the underwriters exercise their over-allotment option, the offering size will further increase to 23 million ADS. According to the previous prospectus, both Beijing Automotive and Singapore's transportation operator ComfortDelGro have expressed their intention to subscribe ADS, while four other investors including Guangzhou Automobile have subscribed $153.4 million of common stock through a private placement; Pony.ai is expected to raise up to $452 million through this IPO (approximately 3.29 billion RMB).