(Reuters) -Pony AI said on Wednesday it was targeting a valuation of up to $4.55 billion in its upsized initial public offering in the United States, indicating strong demand for the Chinese robotaxi firm's long-sought New York listing.

Autonomous driving startup Pony AI Inc.’s upcoming US initial public offering will be closely watched, as Donald Trump’s second administration considers moves that could ramp up competition in the sector with China.

Pony AI is inching closer to its initial public offering in the U.S., but as it does so, it continues to drop its minimum target for what it hopes to

Chinese autonomous driving firm Pony AI said on Wednesday it was targeting to raise up to $260 million in its upsized initial public offering in the United States.

Pony’s proposed target is a climb-down from its $8.5bn valuation in a 2022 funding round. In September, its board slashed the minimum IPO valuation to $4bn from $8.5bn and proceeds to $200m from $425m.

(Reuters) - Chinese autonomous driving firm Pony AI said on Wednesday it was targeting to raise up to $260 million in its upsized initial public offering in the United States.

Chinese autonomous driving firm Pony AI said on Wednesday it was targeting a valuation of up to $4.55 billion in its upsized initial public offering in the United States. The company is now aiming to raise as much as $260 million in the IPO by offering 20 million American depositary shares (ADSs) priced between $11 and $13 each.