Pony AI stated Wednesday it had raised USD 260 million in its US preliminary public providing, valuing the China-based robotaxi firm at round USD 4.55 billion.
It bought 20 million American depositary shares within the providing priced to buyers at USD 13 every, the high-end of its focused vary.
Pony AI’s itemizing could present how US buyers strategy China-based corporations below Donald Trump’s administration, particularly as the 2 largest economies on this planet vie for dominance in high-stakes industries similar to autonomous driving. The corporate is ready to affix a rising cohort of China-based corporations tapping US capital markets in current instances.
Different China-based corporations, together with EV maker Zeekr and peer self-driving tech agency WeRide, additionally went public within the US earlier within the yr.
