Will's Blog: Chinese self-driving company Pony.AI raised $413.4B in its US IPO, after pricing shares at $13, which rose 19% at open, giving it a nearly $5.4B market cap (Bailey Lipschultz/Bloomberg)

27 November 2024

Chinese self-driving company Pony.AI raised $413.4B in its US IPO, after pricing shares at $13, which rose 19% at open, giving it a nearly $5.4B market cap (Bailey Lipschultz/Bloomberg)

Bailey Lipschultz / Bloomberg:
Chinese self-driving company Pony.AI raised $413.4B in its US IPO, after pricing shares at $13, which rose 19% at open, giving it a nearly $5.4B market cap — - IPO priced at top of marketed range raised $260 million — Firm also agreed private placements worth $153.4 million

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