![]() ![]() ![]() That deal is still expected to close by the third quarter. Pony.ai, which develops and tests its autonomous driving vehicles in the United States and China, said in November that its valuation reached $5.3 billion after raising more than $1 billion in funding. In June, the company hired Lawrence Steyn, vice chairman of investment banking at JPMorgan Chase & Co, as its chief financial officer to prepare for a public listing. ![]() VectoIQ II is the second SPAC to be led by former General Motors Vice Chairman Steve Girsky, whose first SPAC struck a deal with electric truck maker Nikola Corp. It raised $345 million in an oversubscribed IPO in January. (Reporting by Krystal Hu in New York, Kane Wu and Julie Zhu in Hong Kong, Yilei Sun in BeijingAdditional rerporting by Hyunjoo Jin in Berkeley, Calif.LinkDoc Technology, a Chinese healthcare data company specializing in oncology patients, postponed its IPO on Thursday. The company had been expected to price its IPO on Thursday night. It had filed to raise $200 million by offering 10.8 million shares at a price range of $17.50 to $19.50. Insiders and anchor investors had indicated an interest in buying 58% of the deal. On Wednesday, LinkDoc filed an amendment where it added risks related to China's new capital markets regulation and oversight, which had been issued by the country's regulator the day before. ![]()
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