Pony AI Debuts on Nasdaq with $4.5 Billion Valuation

China's Pony.ai sees shares fall 7.7% in direct listing debut · TechNode

Shares of Chinese self-driving car startup Pony.ai fell 7.7% below their issuance price following the company’s debut on the Nasdaq stock exchange on Wednesday, as it notched a valuation of $5.25 billion in its long-awaited US initial public offering (IPO).Why it matters: Pony.ai is one of the few companies with a Chinese background that has taken a similar approach to Waymo, Google’s self-driving car project, relying on an array of enabling tec…

China's Robotaxi Firm Pony AI Looks To Diversify Supply Chain After Nasdaq Debut, Growing Competition With Tesla, Waymo, And Amazon - Amazon.com (NASDAQ:AMZN), Aurora Innovation (NASDAQ:AUR)

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.S.-China tensions.

Chinese self-driving car firm Pony AI’s shares sink 7% after US IPO

Pony’s pricing was pushed back from last week as the firm increased the deal size and addressed regulator questions.

Pony AI’s valuation hits $5.25B after Nasdaq debut

Chinese autonomous driving technology company Pony AI started trading on the Nasdaq on Wednesday at $15 per share, securing it a valuation of $5.25 billion. That opening price is 15% higher than Pony’s offering price of $13, which itself was at the high end of its expected range. Pony sold 20 million American depositary shares in its initial public offering, raising $260 million. Strategic investors also bought around $153 million worth of Pony …

Pony AI’s Nasdaq debut signals possible thaw in U.S. stock-market listings by Chinese companies

Chinese companies had been avoiding stateside IPOs due to geopolitical tensions, but now they have fresh reason to consider U.S. markets.

China's Pony AI raises $260m in Nasdaq listing

NEW YORK -- Shares in China-based autonomous driving technology company Pony AI climbed 16% after it listed on Wednesday, in what is one of the bigges