By Kane Wu
HONG KONG (Reuters) -Chinese autonomous driving firm Pony AI has set the final offer price for its Hong Kong listing at HK$139 ($17.90) per share, a filing with the exchange showed on Monday.
Reuters reported earlier in the day that the firm was set to price its Hong Kong listing at HK$139 apiece, citing two people with knowledge of the matter.
Pony AI confirmed in the filing that it exercised the option to allot and issue 6.3 million additional new shares.
The company also said it was expecting to raise gross proceeds of about HK$6.71 billion ($863.86 million) from the offering.
The offering price represents a 4.2% discount to Pony AI’s Friday close of $18.68 apiece on the Nasdaq.
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 had showed last week.
It will start trading on the Hong Kong Stock Exchange on November 6.
($1 = 7.7675 Hong Kong dollars)
(Reporting by Kane Wu in Hong Kong; Sherin Sunny & Bipasha Dey in Bengaluru; Editing by Sonia Cheema, Jan Harvey and Maju Samuel)
