China's Pony AI raises $260m in Nasdaq listing

Autonomous driving company lists despite proposed restrictions from U.S. authorities

20241127 Pony Ai

Pony AI's debut on Nasdaq comes amid growing scrutiny of Chinese autonomous driving software © Reuters

JACK STONE TRUITT, Nikkei staff writer

NEW YORK -- Shares in China-based autonomous driving technology company Pony AI climbed 16% after it listed on Wednesday, in what is one of the biggest initial public offerings by any Chinese company in the U.S. this year.

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