Pony AI Inc.’s (NASDAQ:PONY) Quiet Period Will End Tomorrow

Pony AI’s (NASDAQ:PONY) quiet period will expire on Monday, January 6th. Pony AI had issued 20,000,000 shares in its initial 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 the company’s quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analyst Weigh In

Several research analysts have commented on PONY shares. 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 target on the stock. The Goldman Sachs Group assumed coverage on shares of Pony AI in a research report on Monday, December 23rd. They issued a “buy” rating and a $19.60 target price on the stock.

Pony AI Trading Down 3.4 %

Shares of PONY opened at $14.68 on Friday. Pony AI has a twelve month low of $11.90 and a twelve month high of $16.32.

About Pony AI

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.