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Deutsche Bank appointed as depositary bank for the sponsored American Depositary Receipt program of Pony AI Inc.

1. Deutsche Bank appointed as depositary bank for PONY's ADR program. 2. Pony AI aims to commercialize autonomous driving technology globally. 3. The ADR program is a step toward broader investor access. 4. Deutsche Bank offers extensive banking services, enhancing PONY's visibility. 5. PONY trades on NASDAQ, reinforcing its market presence.

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FAQ

Why Bullish?

The ADR appointment signals increased investor accessibility, potentially boosting demand for PONY shares.

How important is it?

The announcement indicates a strategic move for PONY, likely fostering growth and investment potential.

Why Long Term?

Long-term commercial viability of PONY's technology may attract sustained investor interest, seen in similar tech stocks.

Related Companies

Deutsche Bank appointed as depositary bank for the sponsored American Depositary Receipt program of Pony AI Inc.

NEW YORK--()--Deutsche Bank announced today its appointment as depositary bank for the NASDAQ-listed American Depositary Receipt program of Pony AI Inc.

Pony AI Inc. (NASDAQ: PONY) is a global leader in achieving large-scale commercialization of autonomous mobility. It aims to mass commercialize its autonomous driving technology to deliver safe, sustainable, and accessible mobility to people and business around the world. Its principal executive office is located in Guangzhou, China.*

In addition to specializing in administering cross-border equity structures such as New York Shares and American and Global Depositary Receipts, Deutsche Bank provides corporates, financial institutions, hedge funds and supranational agencies around the world with trustee, agency, escrow and related services. Deutsche Bank offers a very broad range of services for diverse products, from complex securitizations and project finance to syndicated loans, debt exchanges and restructurings.

* This information was provided by Pony AI Inc. (November 2024).

 

Depositary Receipt Information

Country

 

Cayman Islands holding company with operations mainly conducted by subsidiaries in mainland China

Custodian Bank

 

Deutsche Bank AG, Hong Kong Branch

Effective Date

 

November 29 2024

 

 

 

Level III ADR

 

 

CUSIP

 

732908 108

ISIN

 

US7329081084

Symbol

 

PONY

Exchange

 

NASDAQ

Current Ratio

 

1 ADS: 1 Class A ordinary share

Eligibility

 

DTC

 

Depositary Receipt Contacts

New Business
Development

     

William Ng

     

Tel: +852 2203 7889

     
       
www.adr.db.com    

Markets Distribution

adr@db.com     London
      Tel: +44 (0) 20 7547 6500
gtb.db.com     New York
      Tel: +1 212 250 9100
       

Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.

The Depositary Receipts have been registered pursuant to the US Securities Act of 1933 (the "Act"). The investment or investment service which is the subject of this notice is not available to retail clients as defined by the UK Financial Conduct Authority. This notice has been approved and/or communicated by Deutsche Bank AG New York. The services described in this notice are provided by Deutsche Bank Trust Company Americas (Deutsche Bank) or by its subsidiaries and/or affiliates in accordance with appropriate local registration and regulation. Deutsche Bank is providing the attached notice strictly for information purposes and makes no claims or statement, nor does it warrant or in any way represent, as to the accuracy or completeness of the details contained herein or therein. This announcement appears as a matter of record only. Neither this announcement nor the information contained herein constitutes an offer or solicitation by Deutsche Bank or any other issuer or entity for the purchase or sale of any securities nor does it constitute a solicitation to any person in any jurisdiction where solicitation would be unlawful. No part of this notice may be copied or reproduced in any way without the prior written consent of Deutsche Bank. Past results are not an indication of future performance. Copyright© November 2024 Deutsche Bank AG. All rights reserved.

Contacts

Deutsche Bank AG
Press & Media Relations
Dylan Riddle
Tel. +12122504982
Cell. +1(904)3866481
Email dylan.riddle@db.com

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