Robotaxi company Pony.ai is considering a secondary listing less than six months after its US IPO, amid mounting concern that Donald Trump’s administration will pursue delistings of Chinese companies.
“It’s nothing concrete yet, but definitely it’s something we’re contemplating,” said James Peng, co-founder and chief executive, in an interview with the Financial Times at this week’s Shanghai auto show. “A lot of factors need to be considered.”
The Toyota-backed company, which makes autonomous driving systems and hopes this year to expand its fleet to 1,000 vehicles, drew a $5.25bn valuation when it raised $260mn on the Nasdaq exchange in November.
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