Pony AI's Nasdaq Debut: Volatile Trading and 7% Drop Post-IPO

Pony AI, a Chinese autonomous driving technology company, is set to debut on the Nasdaq with a $4.55 billion valuation, offering shares at $13 each. The IPO includes 20 million American depositary shares, potentially raising $260 million, with additional private placements and underwriter options possibly increasing total proceeds to $452.4 million. This move follows other Chinese tech firms entering the U.S. market amid competitive advancements in autonomous vehicle technology.