Pony AI Inc.’s American depositary shares jumped 19% in their trading debut after raising $413.4 million in an initial public offering and concurrent private placements, after delaying the pricing by a week.

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.

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.