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Pony AI Gears Up For $4.48B Valuation In US IPO Amid Autonomous Vehicle Boom

Summary

Pony.ai, a leading Chinese autonomous vehicle technology company, plans to raise up to $184.9 million through its IPO on the Nasdaq under the symbol PONY. The company has strong partnerships and unique licenses in China, and plans to use the proceeds for market expansion and R&D.

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Article published on November 15, 2024 by benzinga