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

Pony AI’s (NASDAQ:PONY) quiet period will 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 the company’s quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any earnings forecasts or research reports 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.

Analyst Ratings Changes

PONY has been the topic of several analyst reports. The Goldman Sachs Group assumed coverage on shares of Pony AI in a report on Monday, December 23rd. They issued a “buy” rating and a $19.60 price target on the stock. Bank of America started coverage on Pony AI in a research note on Monday, December 23rd. They set a “buy” rating and a $18.00 target price on the stock.

Pony AI Price Performance

PONY stock opened at $15.19 on Friday. Pony AI has a 52 week low of $11.90 and a 52 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.