On November 27th, autonomous driving company Xiaoma Zhixing went public at a price of $13/ADS and is expected to be listed on the Nasdaq Stock Exchange tonight (stock code: PONY）， Sprint for the first global Robotaxi stock. This pricing is within the upper limit of the price range of $11 to $13. After expanding the issuance scale by over 30%, Xiaoma Zhixing plans to issue 20 million ADS (American Depositary Shares). If the underwriters exercise their over allotment option, they will issue 23 million ADS. With the addition of approximately $153.4 million worth of common stock through synchronous private placement, the total amount raised in the IPO of Komatsu may reach approximately $452 million.
Previously, Xiaoma Zhixing completed 7 rounds of financing in the primary market, with a cumulative amount exceeding 1.3 billion US dollars. Xiaoma Zhixing launched China's first Robotaxi service in 2018 and is one of the few companies in the industry that has achieved commercial operation. Currently, it offers Robotaxi fee based services in Beijing, Shanghai, Guangzhou, and Shenzhen.