Chinese robotaxi firm Pony AI seeks up to $4.5 billion valuation in US IPO [Yahoo! Finance]
Goldman Sachs Group, Inc. (The) (GS)
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am
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Source: Yahoo! Finance
Pony, backed by Japanese automaker Toyota, is seeking up to $195 million in the IPO by offering 15 million American Depositary Shares priced between $11 and $13 each. Self-driving firms are competing to raise capital as they look to scale operations. Guangzhou-based Pony will enter the market on the heels of rival WeRide's Nasdaq debut in October. Pony AI will list on the Nasdaq under the ticker symbol "PONY". Goldman Sachs, BofA Securities, Deutsche Bank, Huatai Securities and Tiger Brokers are underwriting the IPO. (Reporting by Arasu Kannagi Basil in Bengaluru; editing by Alan Barona)
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