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

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. Despite a drop from its $8.5 billion valuation two years ago, the IPO signals renewed investor interest in Chinese tech firms. The company faces challenges like public skepticism about autonomous vehicles and data privacy concerns. Pony.ai’s stock is set to start trading on the Nasdaq.

2 months ago
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