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Pony AI’s valuation hits $5.25B after Nasdaq debut
The Chinese autonomous driving tech company will go public on the U.S. markets at $13 per share.
Chinese autonomous driving technology company Pony AI will start trading on the Nasdaq on Wednesday at an offering price of $13 per share, the higher end of its expected range. Following WeRide and Zeekr, Pony is the latest Chinese tech company to brave the U.S. public market after a de facto ban from Beijing. Investors will be keeping a close eye on Pony’s performance, particularly as both the U.S. and China seek to dominate advancements in autonomous vehicle technology.
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