Shares of Pony AI, a Chinese autonomous-driving company, were set to make their U.S. trading debut Wednesday after the pricing of its initial public offering. The company, which manufactures sensors and software for self-driving vehicles,

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.

Shares of China-based autonomous driving company Pony.ai were up around 19% in early trading Wednesday after the company made its Nasdaq debut.

Pony AI, which makes technology for robotaxis and autonomous trucks, is set to price its U.S. initial public offering as early as Monday after the closing bell, according to market sources. China-base

Pony.ai co-founder and CEO, Dr. James Peng said: "Since our founding in 2016, Pony.ai has grown into a global leader in the large-scale commercialization and mass production of autonomous mobility. This achievement would not have been possible without te unwavering support of our users,

China's Pony AI said on Wednesday it had raised $260 million in its U.S. initial public offering, valuing the robotaxi startup at around $4.55 billion, the latest to bank on improved investor sentiment in U.

Pony AI Inc. raised $260 million after pricing its US initial public offering at the top of the marketed range, according to people familiar with the situation, signaling strong investor interest for autonomous-driving technology and Chinese listings in New York.