Pony AI Inc.’s Quiet Period To End on January 6th (NASDAQ:PONY)

Pony AI’s (NASDAQ:PONY) quiet period is set to expire on Monday, January 6th. Pony AI had issued 20,000,000 shares in its public offering on November 27th. The total size of the offering was $260,000,000 based on an initial share price of $13.00. During Pony AI’s quiet period, underwriters and any insiders that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on PONY shares. The Goldman Sachs Group began coverage on Pony AI in a report on Monday, December 23rd. They set a “buy” rating and a $19.60 target price for the company. Bank of America began coverage on shares of Pony AI in a research note on Monday, December 23rd. They set a “buy” rating and a $18.00 price objective for the company.

Pony AI Stock Performance

Shares of PONY opened at $15.19 on Friday. Pony AI has a fifty-two week low of $11.90 and a fifty-two week high of $16.32.

Pony AI Company Profile

Pony AI Inc, through its subsidiaries, engages in the autonomous mobility principally in the People’s Republic of China and the United States. The company provides robotruck services, such as transportation services to the logistics platforms. Pony AI Inc is based in Guangzhou, the People’s Republic of China.