Pony AI plans to issue 15 million American Depository Shares, with a valuation of $4.48 billion at an expected price of $13 per share.
Despite a decreasing minimum target for its IPO from $425 million to $165 million, Pony AI's debut reflects a growing interest from U.S. investors in Chinese tech firms.
Operating a fleet of over 250 fully autonomous robotaxis in major Chinese cities, Pony AI is positioning itself as a key player in the self-driving technology market.
The company’s initial IPO target was significantly higher, yet its current approach reflects the evolving market dynamics in the context of U.S.-Chinese relations.
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