Chinese self-driving car firm Pony AI’s shares sink 7% after US IPO

Quick Summary:

Pony’s pricing was pushed back from last week as the firm increased the deal size and addressed regulator questions.

The pricing gives the Guangzhou-based firm a market value of more than US$4 billion, based on the outstanding ADS.

Pony develops and operates self-driving vehicles including trucks and robotaxis in the US and China.

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Article Details

Author / Journalist: Bloomberg

Category: Technology

Markets: Hong KongChinaSingapore

Topics: Offering Pricing Shares Million Pony Beijing Chinese Ai’s Firm Pony’s Company

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-28 @ 11:45:07 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 359 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 24 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 23913654

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