HONG KONG, Nov 3 (Reuters) - Chinese autonomous driving
firm Pony AI is set to price its Hong Kong listing at
HK$139 ($17.90) per share, two people with knowledge of the
matter said on Monday.
Pony AI is planning to fully exercise an upsize option by
issuing 6.3 million additional shares to raise a total of HK$6.7
billion ($862 million), said the sources, declining to be named
because the information was confidential.
The offering price would represent a 4.2% discount to Pony
AI's Friday close of $18.68 apiece on Nasdaq.
Pony AI did not respond to Reuters' requests for comment.
Bloomberg first reported the pricing guidance on Sunday
evening.
The company is offering about 42 million shares in the Hong
Kong listing at a maximum price of HK$180 a share, its listing
prospectus showed.
It will price the deal later on Monday and start trading on
the Hong Kong Stock Exchange on November 6.
($1 = 7.7675 Hong Kong dollars)