IPOs this week : Nov 25 - 29, 24 (wk 48)

Pony AI – Guangzhou, China, 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.

BrilliA – Singapore, 2.5 million shares, priced at $4-$5, managed by A.G.P.. Proposed NYSE American symbol BRIA. Business: Provider of women’s lingerie and intimate apparel.

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.

New Century Logistics – Hong Kong, 1.3 million shares, priced at $4-$5, managed by Craft Capital R. F. Lafferty. Proposed Nasdaq symbol NCEW. Business: Hong Kong-based provider of air and ocean freight forwarding services.

Creative Global Tech – Hong Kong, 1.3 million shares, priced at $4-$5, managed by Benjamin Securities. Proposed Nasdaq symbol CGTL. Business: Hong Kong-based seller of pre-owned consumer electronics.

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

 

===ZenaTech (ZENA) began trading on the Nasdaq on Tue 1 Oct 24

Founded: 2017

Headquarters: Toronto, Ontario, Canada

Website: zenatech.com

Employees: 11

Oct2: ZenaTech announced that its subsidiary company, ZenaDrone, has been granted an exemption by the Federal Aviation Authority for visual line-of-sight commercial applications and data collection in the United States, subject to specified conditions and limitations

• This approval enables live testing and evaluation of the ZenaDrone 1000 product with US-based partners and potential customers, and live demonstration of the product's capabilities may commence at US drone tradeshow and exhibit events.
• The ZenaDrone 1000 is an autonomous drone product designed for stable flight, maneuverability, heavy lift capabilities, incorporating innovative software technology, AI, sensors, and purpose-built attachments, along with compact and rugged hardware engineered for industrial use. Currently, it is in use by farmers in Ireland enabling smart farming, plant tracking, and crop management, and it has been piloted in the field with the US military for delivery of temperature-controlled critical medical supplies.

ZenaTech announced that it will pursue a series of acquisitions to launch its Drone-as-a-Service (DaaS) operations. These acquisitions have the potential to dramatically increase company revenue and will underpin its Drone-as-a-Service (DaaS) business by integrating ZenaDrone's drone technology into the target company operations.

Opendoor Technologies (OPEN) : 4-year performance

Founded in 2014, Opendoor operates as a tech-driven platform that buys homes, makes minor repairs and quickly resells them, charging sellers a commission — typically 1% higher than the market rate — for the speed and convenience of the process. 

Buyers can view homes via a smartphone app, with or without an agent, and agents still receive the standard commission if involved. Sellers, meanwhile, can receive a cash offer within days by filling out an online questionnaire and uploading photos, bypassing the need for staging or open houses. 

Home prices are set using algorithms, further streamlining the transaction process.

 

Zeta Global (ZETA) : 4-year performance

Zeta Global Holdings Corp. is an American marketing technology company which offers companies a suite of multichannel marketing tools focused on creating, maintaining, and monetizing customer relationships.

• Sector(s): Technology
• Industry: Software - Infrastructure
• Founded in 2007
• Headquartered in New York, New York
• Full Time Employees: 1,783
• https://www.zetaglobal.com

Ecovyst (ECVT) reported earnings on Thur 31 Oct 24 (b/o)

The company was formerly known as PQ Group Holdings Inc. and changed its name to Ecovyst Inc. in August 2021.

• Sector(s): Basic Materials
• Industry: Specialty Chemicals
• Full Time Employees: 911
• Founded in 1831 
• Headquartered in Malvern, Pennsylvania
• https://www.ecovyst.com

** charts 1 day after earnings **

Iterum Therapeutics (ITRM) : 6-year performance

• Sector(s): HealthcareIndustry: Biotechnology
• Full Time Employees: 14
• Incorporated in 2015 
• Headquartered in Dublin, Ireland
• https://www.iterumtx.com

 

 

 

 

Iterum Therapeutics plc is a clinical-stage pharmaceutical company dedicated to developing differentiated anti-infectives aimed at combatting the global crisis of multi-drug resistant pathogens to significantly improve the lives of people affected by serious and life-threatening diseases around the world. Iterum Therapeutics is advancing the development of its first compound, sulopenem, a novel penem anti-infective compound, with an oral formulation and IV formulation. Sulopenem has demonstrated potent in vitro activity against a wide variety of gram-negative, gram-positive and anaerobic bacteria resistant to other antibiotics. Iterum Therapeutics has submitted an NDA for oral sulopenem for the treatment of uncomplicated urinary tract infections in adult women, which has been accepted for review by the U.S. Food and Drug Administration and has received Qualified Infectious Disease Product (QIDP) and Fast Track designations for its oral and IV formulations of sulopenem in seven indications. For more information, please visit http://www.iterumtx.com.