Pony AI set for Nasdaq debut at $4.55B valuation

In Brief Chinese autonomous driving technology company Pony AI will start trading on the Nasdaq on Wednesday at an offering price of $13 per share, the higher end of its expected range.With an initial public offering of 20 million American depositary shares, Pony stands to gain at least $260 million at a $4.55 billion from its debut. The proceeds will likely exceed that. Strategic investors are expected to buy around $153 million worth of Pony AI shares in private placements, and the underwriters — Goldman ...