Pony AI Gears Up For $4.48B Valuation In US IPO Amid Autonomous Vehicle Boom

Quick Summary:

Pony AI Inc., a leading Chinese autonomous vehicle technology company founded in 2016, gears up for its initial public offering (IPO), offering 15 million American depositary shares (ADSs) expected to be priced between $11 and $13 per share.

The calculations are based on the 344.95 million ordinary shares issued and outstanding immediately after the completion of this offering.

The company filed for its initial offering in the U.S.in October.

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Author / Journalist: Akanksha Bakshi

Category: InvestingBusiness

Markets: United StatesChinaSouth Korea

Topics: Benzinga WRD EVs IPOs Stories That Matter Briefs News Mobility Equities Electric vehicles

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-15 @ 15:05:58 (3 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 384 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 23653793

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