IPOs this week : Nov 25 - 29, 24 (wk 48)

Pony AI – Guangzhou, China, million shares, priced at $11-$13, managed by Goldman (Asia) BofA. Proposed Nasdaq symbol PONY. Business: China-based developer of autonomous vehicle systems for robotaxis and robotrucks.

Brazil Potash – Toronto, 4.3 million shares, priced at $15-$18, managed by Cantor Fitz. Bradesco. Proposed NYSE symbol GRO. Business: Developing a potash mining project in Brazil’s Amazon basin.

BrilliA – Singapore, 2.5 million shares, priced at $4-$5, managed by A.G.P.. Proposed NYSE American symbol BRIA. Business: Provider of women’s lingerie and intimate apparel.

Venu Holding – Colorado Springs, Colo., 1 million shares, priced at $10, managed by ThinkEquity. Proposed NYSE American symbol VENU. Business: Owns and operates music venues and restaurants.

Jinxin Technology – Shanghai, 1.9 million shares, priced at $4-$5, managed by Craft Capital WestPark Capital. Proposed Nasdaq symbol NAMI. Business: Provides a digital textbook and educational content platform for K-9 students in China.

New Century Logistics – Hong Kong, 1.3 million shares, priced at $4-$5, managed by Craft Capital R. F. Lafferty. Proposed Nasdaq symbol NCEW. Business: Hong Kong-based provider of air and ocean freight forwarding services.

Creative Global Tech – Hong Kong, 1.3 million shares, priced at $4-$5, managed by Benjamin Securities. Proposed Nasdaq symbol CGTL. Business: Hong Kong-based seller of pre-owned consumer electronics.

IPOs this week : Nov 18 - 22, 24 (wk 47)

Pony AI – Guangzhou, China, 15 million shares, priced at $11-$13, managed by Goldman (Asia) BofA. Proposed Nasdaq symbol PONY. Business: China-based developer of autonomous vehicle systems for robotaxis and robotrucks.

Brazil Potash – Toronto, 4.3 million shares, priced at $15-$18, managed by Cantor Fitz. Bradesco. Proposed NYSE symbol GRO. Business: Developing a potash mining project in Brazil’s Amazon basin.

Venu Holding – Colorado Springs, Colo., 1 million shares, priced at $10, managed by ThinkEquity. Proposed NYSE American symbol VENU. Business: Owns and operates music venues and restaurants.

Jinxin Technology – Shanghai, 1.9 million shares, priced at $4-$5, managed by Craft Capital WestPark Capital. Proposed Nasdaq symbol NAMI. Business: Provides a digital textbook and educational content platform for K-9 students in China.

Chinese self-driving firm Pony AI seeks up to $4.5 bln valuation in US IPO

Pony AI is seeking a valuation of up to $4.48 billion in its U.S. initial public offering, it said on Thursday, as the Chinese self-driving firm moves ahead with its long-sought plan for a New York listing.

• https://www.pony.ai/
  

Pony, founded in 2016 and backed by Japanese automaker Toyota (TM), opens new tab, aims to raise up to $195 million by offering 15 million American Depositary Shares priced between $11 and $13 each.
 

Self-driving firms are looking to raise capital as they seek to scale operations. Guangzhou-based Pony, whose fleet includes over 250 robotaxis and 190 robotrucks, will enter the U.S. stock market on the heels of rival WeRide's (WRD) Nasdaq debut in October.

 

 

By S5A-0043 - (CHN-Guangdong) Pony.ai Lexus RX450h P6001 2024-05-24, CC BY 2.0