💨 Abstract

Chinese robotaxi firm Pony AI aims for a valuation of up to $4.55 billion in its upsized IPO in the US, targeting $260 million in funds. The strong demand for the NY listing comes after WeRide's successful listing on the Nasdaq last month. Pony plans to offer 20 million American Depositary Shares (ADSs) priced between $11 and $13 each.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖