Pony AI raised $413 million in its US offering, making it the largest IPO in the autonomous driving space on the US stock market this year.
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Pony AI raised $413 million in its US offering, making it the largest IPO in the autonomous driving space on the US stock market this year.
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Toyota and Nio Capital-backed Pony AI plans to list on Nasdaq under the ticker symbol PONY.
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Pony.ai is expected to make an IPO in the US as soon as September, and has already received investment interest from some institutional investors, according to local media.
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Zeekr's final pricing sits at the upper end of the range at $21 per ADS, valuing the company at about $5.13 billion, half of Nio's value.
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Zeekr is seeking a valuation of up to $5.13 billion in a US IPO, about half of Nio's current market capitalization of $11.6 billion.
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Pony.ai plans to issue up to 98,149,500 ordinary shares and list on the Nasdaq or New York Stock Exchange.
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Zeekr is reportedly jumpstarting its stalled plan to list in New York as valuations for its peers rapidly fall.
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Lotus Technology has a market capitalization of $9.3 billion, higher than Xpeng's $8.1 billion and slightly lower than Nio's $11.2 billion.
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Lotus Technology's business combination with a SPAC is expected to close on February 22 and will trade under the ticker symbol "LOT".
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Lotus Technology plans to merge with L Catterton Asia Acquisition Corp in order to list on the Nasdaq, issuing up to 181,315,064 ordinary shares.
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