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Pony.ai Said to File for US Listing As Soon As This Wk, Raising US$300M
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The self-driving startup Pony.ai will file an application for a US listing as early as this week, with the goal of raising up to US$300 million, whereas GAC GROUP (02238.HK) is pondering to partake in this IPO, Bloomberg, citing people with the knowledge of the matter, reported. Pony.ai, established in 2016, and is headquartered in Silicon Valley. Last week, GAC GROUP had announced that its board of directors had approved a wholly-owned subsidiary's investment of US$27 million in Pony.ai to deepen business synergies and foster the company's development in the field of unmanned driving. On a side note, Pony.ai's investors include Toyota Motor and Saudi Arabia's Neom. AAStocks Financial News |
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