IPOs this week : Nov 18 - 22, 24 (wk 47)

Pony AI – Guangzhou, China, 15 million shares, priced at $11-$13, managed by Goldman (Asia) BofA. Proposed Nasdaq symbol PONY. Business: China-based developer of autonomous vehicle systems for robotaxis and robotrucks.

Brazil Potash – Toronto, 4.3 million shares, priced at $15-$18, managed by Cantor Fitz. Bradesco. Proposed NYSE symbol GRO. Business: Developing a potash mining project in Brazil’s Amazon basin.

Venu Holding – Colorado Springs, Colo., 1 million shares, priced at $10, managed by ThinkEquity. Proposed NYSE American symbol VENU. Business: Owns and operates music venues and restaurants.

Jinxin Technology – Shanghai, 1.9 million shares, priced at $4-$5, managed by Craft Capital WestPark Capital. Proposed Nasdaq symbol NAMI. Business: Provides a digital textbook and educational content platform for K-9 students in China.

vTv Therapeutics (VTVT) : 9-year performance

vTv Therapeutics, Inc. is a clinical-stage biopharmaceutical company engaged in the discovery and development of orally administered small molecule drug candidates to fill significant unmet medical needs. Its products target the treatment of central nervous system disorders, diabetes and metabolic disorders, inflammation, and cancer. It offers Azeliragon, TTP399, TTP273, HPP593, HPP737, and the Nrf2/Bach1 program.

• Founded: 2015
• Headquarters: High Point, North Carolina
• Employees: 16
• vtvtherapeutics.com

 

 

 

 

 

Chinese self-driving firm Pony AI seeks up to $4.5 bln valuation in US IPO

Pony AI is seeking a valuation of up to $4.48 billion in its U.S. initial public offering, it said on Thursday, as the Chinese self-driving firm moves ahead with its long-sought plan for a New York listing.

• https://www.pony.ai/
  

Pony, founded in 2016 and backed by Japanese automaker Toyota (TM), opens new tab, aims to raise up to $195 million by offering 15 million American Depositary Shares priced between $11 and $13 each.
 

Self-driving firms are looking to raise capital as they seek to scale operations. Guangzhou-based Pony, whose fleet includes over 250 robotaxis and 190 robotrucks, will enter the U.S. stock market on the heels of rival WeRide's (WRD) Nasdaq debut in October.

 

 

By S5A-0043 - (CHN-Guangdong) Pony.ai Lexus RX450h P6001 2024-05-24, CC BY 2.0