--- title: "Chinese autonomous driving startup Pony.ai could make US IPO as soon as Sept, report says" description: "Chinese autonomous driving startup Pony.ai is expected to make an IPO in the US in September and has received investment interest from institutional investors. The challenge for Pony.ai is finding a v" type: "news" locale: "en" url: "https://longbridge.com/en/news/209579813.md" published_at: "2024-07-23T09:47:36.000Z" --- # Chinese autonomous driving startup Pony.ai could make US IPO as soon as Sept, report says > Chinese autonomous driving startup Pony.ai is expected to make an IPO in the US in September and has received investment interest from institutional investors. The challenge for Pony.ai is finding a valuation that satisfies the expectations of the founding team, early-stage investors, and secondary market investors. The company, backed by Toyota and Nio Capital, has R&D centers in Silicon Valley, Guangzhou, Beijing, and Shanghai. It has also formed a joint venture with Toyota and GAC Toyota in China for its robotaxi business. > Pony.ai is expected to make an IPO in the US as soon as September, and has already received investment interest from some institutional investors, according to local media. Chinese autonomous driving startup Pony.ai, is expected to make an initial public offering (IPO) in the US as soon as September, local media Jiemian said today, citing people familiar with the matter. The startup, which is backed by Toyota and Nio Capital, has received clear investment interest from several institutional investors, according to the report. For Pony.ai, the challenge for its US IPO is not the process itself, but how to find a valuation that balances the psychological expectations of the founding team, early-stage investors, and secondary market investors, the report said. Founded in late 2016, Pony.ai has R&D centers in Silicon Valley, Guangzhou, Beijing, and Shanghai, and local robotaxi operations. In late 2019, Nio Capital invested an undisclosed amount in the company. In February 2020 Pony.ai announced it had raised $400 million from Toyota. On August 4, 2023, Pony.ai signed an agreement with Toyota and Toyota's joint venture company in China, GAC Toyota, to create a joint venture company to operate the robotaxi business. On October 25, 2023, Pony.ai said it received a $100 million investment from Saudi Arabia's Neom and its investment fund NIF (Neom Investment Fund). In this D2 round last October, Pony.ai was valued at $8.5 billion, the same as before, according to a report by local media outlet 36kr at the time. Pony.ai had filed with the China Securities Regulatory Commission (CSRC) in April to go public in the US, according to an announcement dated April 22. Pony.ai planned to issue up to 98,149,500 ordinary shares and list them on the Nasdaq Stock Exchange or the New York Stock Exchange in the US, according to the announcement. The company had revealed in 2021 that it was considering a US listing, but its plans were put on hold as US authorities at the time tightened scrutiny of IPOs by Chinese companies, Jiemian's report noted. For autonomous driving companies, including Pony.ai, not achieving profitability and their own high valuations have made it difficult to raise capital in the shrinking primary market, the report said. The price of listing overseas could be seeing low liquidity and potentially lower valuations, Jiemian said. This will likely be a tough discussion, as early investors may accept making less money, but late entrants will need to take losses, the report said. > Chinese autonomous driving startup Pony to set up JV in South Korea ### Related Stocks - [7203.JP - Toyota Motor Corp.](https://longbridge.com/en/quote/7203.JP.md) - [V03.SG - Venture](https://longbridge.com/en/quote/V03.SG.md) - [TOYOF.US - Toyota](https://longbridge.com/en/quote/TOYOF.US.md) - [TM.US - Toyota Motor](https://longbridge.com/en/quote/TM.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 丰田逆势而行，在电动车潮流中迅速前进 | 丰田汽车在汽车行业持续蓬勃发展，预计到 2025 年销售超过 1130 万辆汽车，并保持其作为销量最高汽车制造商的地位。该公司的 “多路径” 战略，专注于混合动力车型，在纯电动车兴趣下降的情况下证明了其有效性。尽管净收入下降了 26%，降至 | [Link](https://longbridge.com/en/news/276417391.md) | | 丰田汽车在波兰建设大型回收工厂 | 丰田汽车宣布将在波兰瓦乌布日赫建设一座新的循环经济工厂，旨在每年处理 20,000 辆报废车辆。该设施将回收零部件和二次原材料，特别关注电池和电动汽车部件。这是丰田在欧洲的第二座循环经济工厂，此前在 2025 年将在英国开设一座类似的设施。 | [Link](https://longbridge.com/en/news/276450842.md) | | 丰田产业公司 - 关于取消和重新设定召开临时股东大会的记录日期的通知 | 丰田工业株式会社 - 关于取消和重设召开临时股东大会的记录日期的通知 | [Link](https://longbridge.com/en/news/276038810.md) | | 丰田在欧洲最畅销的车型正在转型为电动车 | 丰田汽车计划推出电动版雅力士（Yaris），紧随卡罗拉（Corolla）电气化之后。首席执行官佐藤浩二（Koji Sato）宣布了多种动力系统的计划，包括电动、混合动力和内燃机选项，强调了为消费者打造吸引人的汽车的重要性 | [Link](https://longbridge.com/en/news/276141173.md) | | 丰田通过 bZ Woodland SUV 来扩充其稀少的电动车阵容 | 丰田汽车宣布推出 bZ Woodland SUV，扩展其电动车阵容，此前该公司多年专注于混合动力车型。由于之前仅发布了 bZ4X，丰田在电动车市场的缓慢进入曾受到批评。然而，随着销售增长放缓和电动车激励措施减少，丰田的谨慎策略现在被视为一种 | [Link](https://longbridge.com/en/news/276140079.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.