Pony AI ADRs Rise 15% After IPO

Dow Jones11-28
 

By Sabela Ojea

 

American depository receipts of Chinese autonomous-driving company Pony AI climbed on their first day of trading on the Nasdaq Global Select Market.

The ADRs were up 15%, to $15, in Wednesday midday trading.

The manufacturer of sensors and software for self-driving vehicles offered 20 million American depository shares priced at $13 an ADS through its initial public offering, raising $260 million.

Strategic third-party investors, such as JSC International Investment Fund and Kechuangzhihang Holdings, took part in concurrent private placements totaling $153.4 million, the company said.

 

Write to Sabela Ojea at sabela.ojea@wsj.com

 

(END) Dow Jones Newswires

November 27, 2024 12:06 ET (17:06 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

免责声明:本文观点仅代表作者个人观点,不构成本平台的投资建议,本平台不对文章信息准确性、完整性和及时性做出任何保证,亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

我们需要你的真知灼见来填补这片空白
发表看法