New issuance started to wind down for the year in November, with eight mostly small IPOs raising a combined $348 million. Activity was well below the 10-year historical average (15 IPOs, $3.7B), though it's worth noting that deal flow often drops off in November...read more
Six IPOs and one SPAC listed this week. One IPO and two SPACs submitted initial filings. China-based robotaxi developer Pony AI (PONY) priced its upsized $260 million IPO at the top of the range, at a $5.1 billion market cap. Through...read more
Pony AI, a China-based developer of autonomous vehicle systems for robotaxis and robotrucks, raised $260 million by offering 20 million ADSs at $13, the high end of the range of $11 to $13. New investors had indicated on $75 million worth of ADSs in the...read more
Two IPOs are currently scheduled in the week ahead. China-based robotaxi developer Pony AI (PONY) tentatively plans to raise $240 million at a $4.7 billion market cap in the week ahead. Through partnerships with leading OEMs, Pony AI aims to...read more
Renaissance Capital's November IPO Market Update
New issuance started to wind down for the year in November, with eight mostly small IPOs raising a combined $348 million. Activity was well below the 10-year historical average (15 IPOs, $3.7B), though it's worth noting that deal flow often drops off in November...read more
US IPO Weekly Recap: Robotaxi developer and potash miner lead 6 IPO holiday week
Six IPOs and one SPAC listed this week. One IPO and two SPACs submitted initial filings. China-based robotaxi developer Pony AI (PONY) priced its upsized $260 million IPO at the top of the range, at a $5.1 billion market cap. Through...read more
China-based robotaxi developer Pony AI prices US IPO at $13, the high end of the range
Pony AI, a China-based developer of autonomous vehicle systems for robotaxis and robotrucks, raised $260 million by offering 20 million ADSs at $13, the high end of the range of $11 to $13. New investors had indicated on $75 million worth of ADSs in the...read more
US IPO Week Ahead: China-based robotaxi developer may debut in short Thanksgiving week
Two IPOs are currently scheduled in the week ahead. China-based robotaxi developer Pony AI (PONY) tentatively plans to raise $240 million at a $4.7 billion market cap in the week ahead. Through partnerships with leading OEMs, Pony AI aims to...read more