Pony AI Seeks $224 Million Nasdaq IPO, Aims to Become First Public Robotaxi Firm

Nov 15, 2024, 12:46 PM

Chinese autonomous driving startup Pony AI plans to raise up to $224 million in its U.S. initial public offering, aiming for a valuation of up to $4.5 billion. The company intends to issue 15 million American Depositary Shares priced between $11 and $13 each, according to a recent exchange filing. Known for its advancements in robotaxi technology, Pony AI seeks to list on the Nasdaq under the symbol "PONY," potentially becoming the world's first publicly traded robotaxi company. The funds raised will support the development and commercialization of its autonomous driving technology.