TMTPOST -- Pony AI, a leading robotaxi company, saw its shares jump 15% above their IPO price during its Nasdaq debut on Wednesday, achieving a market valuation of $5.25 billion. The strong performance reflects renewed investor confidence in China-based companies. The company's American depositary shares opened at $15, up from the IPO price of $13. This IPO marks a significant moment following a prolonged period of market uncertainty. The delisting of Didi Global and a protracted audit dispute between Beijing and Washington had dampened investor sentiment. The dispute was resolved in December 2022, paving the way for renewed activity in U.S. listings by Chinese firms.