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Chinese autonomous driving startup Pony AI seeks up to $224M in US IPO
Pony AI is inching closer to its initial public offering in the U.S., but as it does so, it continues to drop its minimum target for what it hopes to
Pony AI is inching closer to its initial public offering in the U.S., but as it does so, it continues to drop its minimum target for what it hopes to raise in the transaction. Pony’s debut is the latest in a string of Chinese companies going public on the U.S. stock market after a multi-year ban from Beijing on offshore capital raising. WeRide, another autonomous vehicle startup, debuted on the Nasdaq in October, raising $440.5 million in its IPO and private placement.
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