China-based robotaxi company Pony AI said on Wednesday it had raised $260 million in its U.S. initial public offering, pricing its American depositary shares at $13 each.

(Reuters) - China's Pony AI said on Wednesday it had raised $260 million in its US initial public offering, valuing the robotaxi startup at around $4.55 billion, the latest to bank on improved investor sentiment in US markets.

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