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Bringing practical business and technical intelligence to today's structured cabling professionals.

For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

Throughout our annual magazine, weekly email newsletters and 24/7/365 website, Cabling Installation & Maintenance digs into the essential topics our audience focuses on:

  • Design, Installation and Testing: We explain the bottom-up design of cabling systems, from case histories of actual projects to solutions for specific problems or aspects of the design process. We also look at specific installations using a case-history approach to highlight challenging problems, solutions and unique features. Additionally, we examine evolving test-and-measurement technologies and techniques designed to address the standards-governed and practical-use performance requirements of cabling systems.
  • Technology: We evaluate product innovations and technology trends as they impact a particular product class through interviews with manufacturers, installers and users, as well as contributed articles from subject-matter experts.
  • Data Center: Cabling Installation & Maintenance takes an in-depth look at design and installation workmanship issues as well as the unique technology being deployed specifically for data centers.
  • Physical Security: Focusing on the areas in which security and IT—and the infrastructure for both—interlock and overlap, we pay specific attention to Internet Protocol’s influence over the development of security applications.
  • Standards: Tracking the activities of North American and international standards-making organizations, we provide updates on specifications that are in-progress, looking forward to how they will affect cabling-system design and installation. We also produce articles explaining the practical aspects of designing and installing cabling systems in accordance with the specifications of established standards.

Pony.ai Lists on Nasdaq

  • Pony.ai is a global leader in the large-scale commercialization of autonomous mobility

NASDAQ MarketSite – Pony.ai, a global leader in autonomous driving technology, today listed on the Nasdaq Global Select Market (NASDAQ: PONY) and celebrated its initial public offering by ringing the Nasdaq opening bell. The IPO marks a significant milestone in Pony.ai’s journey toward global leadership in the large-scale commercialization and mass production of autonomous vehicles.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241127418883/en/

Pony.ai's Bell Ringing Ceremony at Nasdaq (Photo: Business Wire)

Pony.ai's Bell Ringing Ceremony at Nasdaq (Photo: Business Wire)

The IPO offered 20 million American Depository Shares (ADSs) priced at $13.00 per share, raising approximately $260 million, or $299 million if including the 3 million ADSs over allotment option. In addition, strategic third-party investors, including JSC International Investment Fund SPC, Guangzhou Nansha Chicheng Future Industry Investment Fund and Kechuangzhihang Holdings Limited, participated in concurrent private placements totaling $153.4 million. Combined, these proceeds will accelerate Pony.ai’s mission to deliver safe, sustainable, and accessible autonomous mobility solutions worldwide.

Pony.ai co-founder and CEO, Dr. James Peng said: “Since our founding in 2016, Pony.ai has grown into a global leader in the large-scale commercialization and mass production of autonomous mobility. This achievement would not have been possible without the unwavering support of our users, partners, shareholders, and employees. Over the past eight years, we have navigated the industry through cycles, and achieved remarkable breakthroughs in autonomous driving technologies. Now, as we reach this pivotal moment in our commercialization journey, we look forward to delivering safer, more efficient, and accessible mobility solutions for society. Today marks the beginning of a transformative chapter for Pony.ai, and the dawn of a new era for autonomous mobility.”

Pony.ai co-founder and CTO, Dr. Tiancheng Lou said: “Our debut on Nasdaq is just the beginning of the profound ways in which autonomous driving technology will change the world. The journey to revolutionize mobility is akin to climbing Mount Everest - a path that demands perseverance, patience, and a commitment to a long-term vision. Through continuous innovation, we aim to achieve a technological transformation that will enable autonomous driving to surpass human drivers. Today’s milestone Nasdaq listing strengthens our mission to redefine the driving experience, offering unprecedented levels of safety, efficiency, and convenience. We are pleased to see our vision take root globally as we continue shaping the future of mobility powered by AI.”

The offering was underwritten by leading global financial institutions, including Goldman Sachs (Asia) L.L.C., Merrill Lynch (Asia Pacific) Limited, Deutsche Bank AG, Hong Kong Branch, Huatai Securities (USA), Inc., and Tiger Brokers (NZ).

Shares are now trading under the ticker symbol “PONY”.

About Pony.ai

Pony AI Inc. (“Pony.ai”) is a global leader in the large-scale commercialization of autonomous mobility. Leveraging its vehicle-agnostic Virtual Driver technology – a full-stack autonomous driving technology that seamlessly integrates its proprietary software, hardware, and services, Pony.ai is developing a commercially viable and sustainable business model that enables the mass production and deployment of vehicles across transportation use cases. Founded in 2016, Pony.ai has expanded its presence across China, Europe, East Asia, the Middle East, and other regions, ensuring widespread accessibility to its advanced technology. Pony.ai is among the first in China to obtain licenses to operate fully driverless vehicles in all four Tier-1 cities in China (Beijing, Guangzhou, Shanghai, Shenzhen) and has begun to offer public-facing, fare-charging robotaxi services without safety drivers in Beijing, Guangzhou and Shenzhen. Pony.ai operates a fleet consisting of over 250 robotaxis. To date, Pony.ai has driven nearly 40 million autonomous testing and operation kilometers (nearly 24.8 million miles) on open roads worldwide.

Registration Statement

A registration statement relating to these securities has been filed with and declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy.

Forward-Looking Statements

This communication contains forward-looking statements based on current expectations, which are subject to risks and uncertainties that could cause actual results to differ materially. Please refer to our latest filings for a discussion of these factors.

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