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

Pony AI's (NASDAQ:PONY - Get Free Report) quiet period is set to end on Monday, January 6th. Pony AI had issued 20,000,000 shares in its IPO 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, insiders and underwriters involved in the IPO are restricted from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration 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.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Bank of America initiated coverage on Pony AI in a report on Monday, December 23rd. They set a "buy" rating and a $18.00 price objective for the company. The Goldman Sachs Group began coverage on Pony AI in a research note on Monday, December 23rd. They set a "buy" rating and a $19.60 price target for the company.

Pony AI Stock Performance

Shares of NASDAQ:PONY traded up $1.53 on Monday, hitting $15.25. 1,716,861 shares of the company were exchanged, compared to its average volume of 993,503. Pony AI has a one year low of $11.90 and a one year high of $16.32.

About Pony AI

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.