Chinese robotaxi firm Pony AI seeks up to $4.5 billion valuation in US IPO

Quick Summary:

Chinese autonomous driving firm Pony AI said on Thursday it was targeting a valuation of up to $4.48 billion in its initial public offering in the United States.

Self-driving firms are competing to raise capital as they look to scale operations.

Goldman Sachs, BofA Securities, Deutsche Bank, Huatai Securities and Tiger Brokers are underwriting the IPO.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaJapanUnited States

Topics: Million Securities Chinese Robotaxi Nasdaq Autonomous Driving Seeks Pony Firm Offering

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-15 @ 04:13:42 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 219 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 23592331

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Official Website: channelnewsasia.com

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