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Pony AI’s valuation hits $5.25B
Pony AI fetches $5.25 bln valuation as shares jump 15% in Nasdaq debut
Shares of Pony AI opened about 15% above their offer price in their market debut on Wednesday, giving the robotaxi company a valuation of $5.25 billion, in an indication of a positive investor approach to China-based firms.
Pony AI Fetches $5.25 Billion Valuation as Shares Jump 15% in Nasdaq Debut
(Reuters) - China-based robotaxi company Pony AI said on Wednesday it had raised $260 million in its U.S. initial public offering, pricing its American depositary shares at $13 each. (Reporting by Niket Nishant and Manya Saini in Bengaluru; Editing by Shilpi Majumdar and Tasim Zahid)
Pony AI’s valuation hits $5.25B after Nasdaq debut
Pony sold 20 million American depositary shares in its initial public offering, raising $260 million. Strategic investors also bought around $153 million worth of Pony AI shares in private placements.
4d
on MSN
Pony AI stock price: Chinese autonomous car company’s Nasdaq IPO will be closely watched today
The firm, which has headquarters in Silicon Valley and Guangzhou, China, makes tech that can turn cars into self-driving ...
4d
on MSN
Pony AI to Make Trading Debut After Stock IPO Priced at $13
Shares of Pony AI, a Chinese autonomous-driving company, were set to make their U.S. trading debut Wednesday after the ...
4d
Pony AI raises $413M in Nasdaq IPO as shares close below initial listing price
Shares in Pony AI ADR closed down $1 today after the Chinese autonomous vehicle startup raised approximately $413 million in ...
4d
Pony AI Stock Falls Over 7% After IPO Pricing At $13, Rebounds Nearly 3% In After Hours
Pony AI Inc debuted on the Nasdaq Global Select Market today, pricing its initial public offering at $13 per ADS. The ...
4d
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 ...
10d
Cruise fesses up, Pony AI raises its IPO ambitions, and the TuSimple drama dials back up
Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here ...
2d
U.S. IPO Weekly Recap: Robotaxi Developer And Potash Miner Lead 6 IPO Holiday Week
Six IPOs and one SPAC listed this week - Pony AI, Brazil Potash, Venu Holding, Brillia, Wing Yip Food, Creative Global Tech, ...
17h
Opening Day: Pony AI shares climb 19% after IPO
Shares of driverless tech company Pony AI opened for trading on Wednesday and jumped as much as 19% after the U.S. IPO. The company sold 20M ...
11d
on MSN
Chinese AV startup Pony AI boosts its IPO goal to $260M
Pony AI, the Chinese autonomous vehicle startup that's looking to go public on the Nasdaq stock exchange, now wants to raise ...
10d
on MSN
IPO watch: Pony AI is going public and Uber wants in
Uber Technologies (NYSE:UBER) continues to make moves in the autonomous driving space. The latest development is that the San ...
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