Autonomous driving company Pony AI has raised $260 million in its Wednesday stock-market debut that will be the biggest in months for a Chinese company. The deal sets the stage for more Chinese technology companies to test U.S. public markets again following years of more muted initial-public-offering activity that reflected tensions between the U.S. and China. ...

GUANGZHOU, China, Nov. 27, 2024 (GLOBE NEWSWIRE) -- Pony AI Inc. (“Pony.ai” or the “Company”) (Nasdaq: PONY), a global leader in achieving large-scale commercialization of autonomous mobility, today announced the pricing of its initial public offering (the “Offering”) of 20,000,000 American depositary shares (“ADSs”), each representing one Class A ordinary share of the Company, at a price to the public of US$13 per ADS. The Company has granted the underwriters an option, exercisable within 30 days from the ...

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