China’s Pony AI seeks up to $4.5bn valuation in long-sought New York listing

China's Pony AI seeks up to $4.5bn valuation in long-sought New York listing

(Reuters) — Pony AI is seeking a valuation of up to $4.48 billion in its U.S. initial public offering, it said on Thursday, as the Chinese autonomous driving firm moves ahead with its long-sought plan for a New York listing.

Pony, backed by Japanese automaker Toyota, aims to raise up to $195 million by offering 15 million American depositary shares priced between $11 and $13 each.



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