Business, Technology, Equipment, Autonomous

Pony AI Raises $413M, Shares Surge in Nasdaq Debut

With Pony’s offering, Chinese companies have raised $1.2 billion via U.S. IPOs this year, nearly double the amount in the same period in 2023 but below the heights seen during the pandemic.

Bailey Lipschultz | Bloomberg News
November 27, 2024
Business, Technology, Autonomous

Driverless Tech Firm Pony.ai Seeks Up to $195 Million in IPO

Pony.ai Inc. is looking to raise as much as $195 million from its U.S. initial public offering as automotive-related companies lead a modest pickup in Chinese listings.

Bailey Lipschultz | Bloomberg News
November 15, 2024
Business, Technology, Fuel

EV Maker VinFast Soars in Nasdaq Debut

VinFast Auto Ltd. soared in its debut as a public company, vaulting its market capitalization beyond that of General Motors Co. as traders flipped shares of the electric vehicle maker.

Bailey Lipschultz | Bloomberg News
August 15, 2023
Business, Fuel

Shale Drilling on a Roll as OPEC Cuts Keep Oil Above $50

Shale wildcatters pushed ahead on the biggest surge in U.S. oil drilling since 2012 as explorers take advantage of prices above $50 for more than two months.

Bailey Lipschultz | Bloomberg News
February 17, 2017