China's Pony.ai seeks a valuation of up to $4.55 billion in its IPO in the United States
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Chinese autonomous driving company Pony.ai seeks a valuation of up to $4.55 billion in its initial public offering (IPO) in the United States, planning to issue 20 million American depositary shares to raise up to $260 million. The company has received support from Toyota and is the latest Chinese robotaxi company to enter the U.S. capital market. The successful listing of WeRide has provided confidence for Pony.ai. This IPO will become the second-largest IPO of a Chinese company in the U.S. this year
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