Reported about 7 hours ago
Pony AI Inc., a Chinese autonomous driving startup, experienced a disappointing trading debut as its American depositary shares fell by as much as 7.7% after raising $413.4 million in its IPO. The shares traded at $12.02 on their debut, below the IPO price of $13. The firm's market value exceeds $4 billion following the offering, which is part of a modest rebound in Chinese companies listing in the U.S. this year.
Source: YAHOO