Autonomous technology developer Pony AI wants $4.5 billion valuation in IPO
- China's Pony AI wants valuation of up to $4.48 billion in US IPO
- Startup backed by Toyota raises $195 million in funding
- Pony AI is looking to issue 15 million shares at $11-13/pc.
- Pony AI's fleet includes 250+ robotaxis and 190+ robot trucks
- The IPO was previously led by China's WeRide on the US exchange
- Two investors, including BAIC, want to buy $74.9 million worth of shares
- Pony AI is also looking to do a private placement of shares
- Some investors have agreed to buy $153.4 million worth of shares
- China's Pony AI valuation was as high as $8.5 billion two years ago
- Pony AI shares will trade under the ticker PONY on Nasdaq
- Underwriters: Goldman Sachs, BofA, Deutsche Bank, etc.
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