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flag Pony.ai, a Chinese autonomous driving firm, raises $260M in U.S. IPO, valued at $4.55B.

flag Pony.ai, a Chinese autonomous driving startup backed by Toyota, raised $260 million in its U.S. IPO, valuing the firm at $4.55 billion. flag Despite a drop from its $8.5 billion valuation two years ago, the IPO signals renewed investor interest in Chinese tech firms. flag The company faces challenges like public skepticism about autonomous vehicles and data privacy concerns. flag Pony.ai’s stock is set to start trading on the Nasdaq.

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