China-based autonomous driving firm Pony AI filed for an initial public offering in the U.S. on Thursday, in another sign of growing investor interest in new listings and easing regulatory pressures.
Activity in the IPO market has picked up pace in recent weeks, buoyed by the U.S. Federal Reserve kicking off its highly anticipated policy-easing cycle and benchmark indexes tracking equities trading near record high levels.
The number of Chinese companies that pursued stock market flotations in the United States had dropped in the past few years, after Beijing clamped down on offshore capital-raising in 2021.
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Pony AI has applied to list on the Nasdaq stock exchange under the ticker symbol ‘PONY’. The company did not reveal the size of its offering.
Goldman Sachs, BofA Securities, Deutsche Bank, Huatai Securities and Tiger Brokers are the lead underwriters of the offering.
(Reporting by Manya Saini in Bengaluru; Editing by Shilpi Majumdar)
