(Reuters) -China- based self-governing driving company Pony AI applied for a going public in the united state on Thursday, in one more indicator of expanding financier passion in brand-new listings and reducing regulative stress.
Activity in the IPO market has actually gotten speed in current weeks, buoyed by the united state Federal Reserve beginning its very expected policy-easing cycle and standard indexes tracking equities trading near document high degrees.
The variety of Chinese firms that sought stock exchange flotation protections in the United States had actually decreased in the previous couple of years, after Beijing secured down on overseas capital-raising in 2021.
Pony AI has actually related to provide on the Nasdaq stock market under the ticker sign ‘HORSE’. The business did not expose the dimension of its offering.
Goldman Sachs, BofA Securities, Deutsche Bank, Huatai Securities and Tiger Brokers are the lead experts of the offering.
(Reporting by Manya Saini in Bengaluru; Editing by Shilpi Majumdar)
