Reported about 24 hours ago
Chinese autonomous driving firm Pony AI is targeting a valuation of up to $4.55 billion in its expanded initial public offering (IPO) in the United States. The company plans to raise up to $260 million by offering 20 million American depositary shares (ADSs) priced between $11 and $13 each, an increase from an earlier plan of 15 million ADSs. Pony AI is set to list on Nasdaq under the ticker 'PONY', with major firms like Goldman Sachs and BofA Securities underwriting the offering.
Source: YAHOO