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.
China's robotaxi startup Pony AI raises $260 million in US IPO
It sold 20 million American depositary shares in the offering priced to investors at $13 each, the high-end of its targeted range. Pony AI's listing may show how U.S. investors approach China-based companies under Donald Trump's administration,
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8hon MSN
Chinese companies had been avoiding U.S. listings due to geopolitical tensions, but now they have fresh reason to consider U.S. markets again.
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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 ...
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