Pony AI eyes up to $4.55B valuation in upsized US market debut
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Pony AI, a Chinese autonomous driving company, is planning an upsized IPO in the US, targeting a valuation of up to $4.55 billion. The company aims to raise up to $260 million by offering 20 million American depositary shares priced between $11 and $13.
November 20, 2024 | 4:00 pm
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Pony AI is planning an upsized IPO in the US, targeting a valuation of up to $4.55 billion. The company aims to raise up to $260 million by offering 20 million ADSs priced between $11 and $13.
The IPO is a significant event for Pony AI, as it marks its entry into the US market with a substantial valuation target. The offering of 20 million ADSs priced between $11 and $13 suggests strong investor interest and potential for stock price appreciation post-IPO.
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