China's Pony AI seeks up to $4.5bn valuation in long-sought New York listing

IPO follows robotaxi firm WeRide's Nasdaq debut in October

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A car equipped with Pony AI's autonomous driving system drives on a road during a test event in Beijing in May 2021. © Reuters

(Reuters) -- Pony AI is seeking a valuation of up to $4.48 billion in its U.S. initial public offering, it said on Thursday, as the Chinese autonomous driving firm moves ahead with its long-sought plan for a New York listing.

Pony, backed by Japanese automaker Toyota, aims to raise up to $195 million by offering 15 million American depositary shares priced between $11 and $13 each.

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