China's robotaxi firm Pony AI valued at $5.25 billion

China's robotaxi firm Pony AI valued at $5.25 billion as shares jump in strong Nasdaq debut
(Reuters) -Shares of Pony AI rose about 15% 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)
China's Robotaxi Firm Pony AI Looks To Diversify Supply Chain After Nasdaq Debut, Growing Competition With Tesla, Waymo, And Amazon
Pony AI CEO James Peng emphasized the company's strategic focus on supply chain diversification and international market expansion following its Nasdaq debut, as the autonomous driving technology firm navigates ongoing U.
Pony.ai Shares Fall After Nasdaq Debut
Shares of China-based autonomous driving company Pony.ai were up around 19% in early trading Wednesday after the company made its Nasdaq debut.
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’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. © 2024 TechCrunch. All rights reserved. For personal use only.
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