China-based robotaxi company Pony AI said on Wednesday it had raised $260 million in its U.S. initial public offering, pricing its American depositary shares at $13 each.

Pony AI Inc. raised $260 million after pricing its US initial public offering at the top of the marketed range, according to people familiar with the situation, signaling strong investor interest for autonomous-driving technology and Chinese listings in New York.

Pony’s pricing was pushed back from last week as the firm increased the deal size and addressed regulator questions.

China's Pony AI said on Wednesday it had raised $260 million in its U.S. initial public offering, valuing the robotaxi startup at around $4.55 billion, the latest to bank on improved investor sentiment in U.