Chinese autonomous driving technology company Pony AI started trading on the Nasdaq on Wednesday at $15 per share, securing it a valuation of $5.25 billion. That opening price is 15% higher than Pony’s offering price of $13, which itself was at the high end of its expected range.

(Reuters) -Shares of Pony AI rose about 15% in their market debut on Wednesday, giving the robotaxi company a valuation of $5.25 billion, in an indication of a positive investor approach to China-based firms.

Shares of Pony AI, a Chinese autonomous-driving company, were set to make their U.S. trading debut Wednesday after the pricing of its initial public offering. The company, which manufactures sensors and software for self-driving vehicles,

Meet the Newest AI Stock in the Nasdaq-100. It Soared 2,140% in 2 Years and Is Still a Buy, According to a Wall Street Analyst.

Wall Street's main indexes closed lower on Wednesday, with the Nasdaq leading declines, as technology stocks slumped on Thanksgiving eve on worries the Federal Reserve may be cautious about rate cuts after stubbornly strong U.

Major U.S. stock indexes finished in the red Wednesday, after investors waded through a slew of economic data and some disappointing corporate financial updates ahead of the Thanksgiving Day holiday.