Pony AI, the Chinese autonomous vehicle startup that's looking to go public on the Nasdaq stock exchange, now wants to raise around $260 million,

Chinese autonomous driving firm Pony AI said on Wednesday it was targeting to raise up to $260 million in its upsized initial public offering in the United States.

Chinese autonomous driving firm Pony AI said on Wednesday it was targeting a valuation of up to $4.55 billion in its upsized initial public offering in the United States. The company is now aiming to raise as much as $260 million in the IPO by offering 20 million American depositary shares (ADSs) priced between $11 and $13 each.