Chinese robotaxi firm Pony.ai raises $260m in Nasdaq IPO

Pony.ai, a Chinese self-driving technology company, raised US$260 million in its United States IPO.

The company priced its shares at US$13 each, topping its projected range.

Based on this pricing, Pony.ai’s market value is approximately US$4.5 billion, according to regulatory filings.

The company’s American depositary shares will begin trading on the Nasdaq Global Select Market under the ticker “PONY.”

Recent Pony.ai developments

Timeline
15-Nov-2024 🚖 Chinese robotaxi firm Pony.ai launches US IPO Pony.ai targets $4.48B valuation in US IPO Secured $153.4M commitments from investors
18-Oct-2024 🤖 Chinese robotaxi company Pony.ai files US IPO Pony.ai files for US IPO on Nasdaq as ‘PONY’ Reported $24.7M revenue in H1 2024, up from last year
26-Apr-2023 🚕 Pony.ai gets license for fully driverless robotaxis in Guangzhou Pony.ai gets permit for driverless rides in Guangzhou. Over 21 million km logged in autonomous driving globally.
25-Nov-2021 🚖 Baidu, Pony.ai get China’s first robotaxi licenses Baidu, Pony.ai cleared for driverless taxis Baidu has 600 points; Pony.ai has 200
12-Aug-2021 🚗 Pony.ai shelves US listing amid fears of China’s tech crackdown Pony.ai halts US listing amid China’s tech crackdown Startup plans to raise funds privately instead

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