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CHINA has approved a US listing by Pony.ai, an autonomous driving start-up, indicating a positive trend in the rising number of Chinese tech companies initiating public offerings (IPO) in the US, reports Bloomberg.
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.
The Chinese securities regulator said it would support overseas listings of tech firms. Chinese IPOs in the US slowed dramatically after Beijing cracked down on listings and the tech industry in 2021 following controversy over a US share sale by Didi Global Inc.
# china# okays# ipo# for# autonomous# pony# ai# vehicle# firm
