BUZZ-Chinese robotaxi firm Pony AI's shares jump 15% in Nasdaq debut

Reuters11-28

** China-based robotaxi firm Pony AI jumps over 15% to $15 in market debut

** American depositary shares open at $15 vs IPO price of $13, giving the company a valuation of $5.25 billion

** Pony AI sold 20 million ADS in the IPO priced at $13 each to raise $260 million

** Company also raised an additional $153.4 million in concurrent private placement

** Toyota Motor-backed company's valuation has come down from $8.5 billion two years ago

** Pony AI remains unprofitable as it invests in expanding operations

(Reporting by Pritam Biswas in Bengaluru)

((Pritam.Biswas@thomsonreuters.com))

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