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Chinese self-driving car firm Pony.ai sees shares fall 7.7% in direct listing debut
- Shares of Chinese self-driving car startup Pony.ai fell 7.7% in its debut on the Nasdaq stock exchange.
- Pony.ai, valued at $5.25 billion, aims to commercialize autonomous vehicles.
- The company raised $413.4 million in its IPO and private placement.
- Pony.ai reported a net loss of $93.9 million for the first nine months of 2022.
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