China Approves US Listing for Self-Driving Firm in Easing Sign

Pony.ai plans to sell some 98 million shares on Nasdaq or NYSE
Chinese tech IPOs in the US dwindled after crackdown in 2021

A Pony.ai Inc. autonomous vehicle in Shanghai. — A Pony.ai Inc. autonomous vehicle in Shanghai.
Photographer: Qilai Shen/Bloomberg

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By Dong Cao and Filipe Pacheco

April 24, 2024 at 4:50 AM UTC

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China has greenlit a US listing by autonomous driving startup Pony.ai, raising the potential for an increase in Chinese tech initial public offerings in New York after a more than two-year hiatus.

Pony.ai plans to sell up to 98 million shares and list on the Nasdaq or the New York Stock Exchange, according to an announcement on the China Securities Regulatory Commission’s website published late Tuesday.