Other China-based companies, including EV maker Zeekr and peer self-driving tech firm WeRide, also went public in the US earlier in the year.Pony AI said Wednesday it had raised USD 260 million in its US initial public offering, valuing the China-based robotaxi company at around USD 4.55 billion.
It sold 20 million American depositary shares in the offering priced to investors at USD 13 each, the high-end of its targeted range.
Pony AI's listing may show how US investors approach China-based companies under Donald Trump's administration, especially as the two biggest economies in the world vie for dominance in high-stakes industries such as autonomous driving. The company is set to join a growing cohort of China-based firms tapping US capital markets in recent times.
Other China-based companies, including EV maker Zeekr and peer self-driving tech firm WeRide, also went public in the US earlier in the year.
