On November 6th, Xiaoma Zhixing announced its listing on the main board of the Hong Kong Stock Exchange. In this Hong Kong IPO, the company has fully exercised its right to adjust the issuance volume, issuing a total of approximately 48.25 million shares. The fundraising amount after Green Shoes can reach HKD 7.7 billion, making it the largest IPO in the autonomous driving industry by 2025.
It is reported that in November 2024, Xiaoma Zhixing was successfully listed on NASDAQ in the United States under the stock code "PONY". This Hong Kong stock listing marks the company's establishment of a dual main listing structure of "US stock+Hong Kong stock". It not only helps the company form cross market synergy in pricing mechanism, liquidity sources, and investor composition, but also lays the institutional foundation for future inclusion in the Hong Kong Stock Connect and attracting mainland investors to participate.
Peng Jun, founder and CEO of Xiaoma Zhixing, said, "After nearly nine years of persistence and exploration, Xiaoma Zhixing has stood on the eve of large-scale commercialization of autonomous driving. The accumulation of technology, the landing of scenarios, and the construction of ecology - all preparations are now reaping their rewards. The listing on the Hong Kong Stock Exchange is a key step in our global capital strategy, and an important milestone for us to face the global market and connect with a wider range of resources. Thank you to every colleague who has co created history with us
