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Chinese autonomous drive applied science company Pony AI startedtradingon the Nasdaq on Wednesday at $ 15 per contribution , secure it a evaluation of $ 5.25 billion . That possible action Mary Leontyne Price is 15 % high than Pony ’s offering cost of $ 13 , which itself was at the gamey end of itsexpected mountain range .
Pony sell 20 million American depositary shares in its initial public offering , raise $ 260 million . Strategic investor also bought around $ 153 million Charles Frederick Worth of Pony AI shares in private placements . The deal ’s underwriters — Goldman Sachs , BofA Securities , Deutsche Bank , Huatai Securities , and Tiger Brokers — have the option to buy an additional 3 million shares .
All told , Pony ’s total take could climb up to $ 452.4 million .
This story has been update to reflect Pony AI ’s opening price and new rating .
