Pony.ai, a Chinese autonomous driving startup, made its debut on the NASDAQ on November 28, 2024, raising $260 million. This IPO is the largest for a U.S. company in the autonomous driving sector this year and the second largest from China after ZEEKR. The initial trading price exceeded the offering price by 15%, indicating strong market interest. This significant listing is seen as a potential catalyst for more Chinese companies to pursue initial public offerings in the U.S., following a period of subdued activity due to strained U.S.-China relations.