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

Pony AI’s (NASDAQ:PONY) quiet period will end 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 Pony AI’s quiet period, underwriters and any insiders that worked on the IPO are restricted from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analyst Upgrades and Downgrades

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

Pony AI Trading Down 3.4 %

Shares of NASDAQ PONY opened at $14.68 on Friday. Pony AI has a 1-year low of $11.90 and a 1-year 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.