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Pony AI raises $260m as US investor appetite for Chinese IPOs improves

Pony AI raises $260m as US investor appetite for Chinese IPOs improves

FILE PHOTO: A logo of the autonomous driving technology startup Pony.ai is seen on a screen during an event in Beijing, China May 13, 2021. REUTERS/Tingshu Wang/ File Photo

China’s Pony AI said on Wednesday it had raised $260 million in its US initial public offering, valuing the robotaxi startup at around $4.55 billion, the latest to bank on improved investor sentiment in US markets.

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