Chinese Driverless-Tech Firm Pony AI Said to Raise $260 Million in US IPO
Pony AI Inc. raised $260 million after pricing its US initial public offering at the top of the marketed range, according to people familiar with the situation, signaling strong investor interest for autonomous-driving technology and Chinese listings in New York.
U.S. IPO from Pony AI gains 16% in warm reception for Chinese autonomous driving company
An initial public offering from Pony AI Inc. rose 16% in early trades on Wednesday in a welcoming sign from Wall Street for the China-based maker of technology for self-driving taxis and trucks. Pony AI's stock first traded at $15 a share,
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The Company also closed the sale of an additional 187,500 ordinary shares pursuant to the full exercise of the underwriter’s over-allotment option granted in connection with the Company’s Offering, at ...
The Chinese autonomous driving tech company will go public on the U.S. markets at $13 per share. © 2024 TechCrunch. All rights reserved. For personal use only.
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