Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

A highly collaborative investment professional and research analyst with 10+ years of international experience in equity research, treasury operations, and trading positions across multiple asset classes at leading multinational banks Citibank and Morgan Stanley, UHNWI-backed family office and European independent equity research firm. A respectable background in equity capital markets, corporate treasury, investment banking operations, equity research analysis and portfolio management.

Pony AI IPO Preview: Small Scale and Early Stage Development. Is Exponential Growth Ahead?

Equity Capital Markets

<ul>
<li>Pony AI, a Chinese autonomous driving unicorn, is expected to price its IPO in November. Shares of WeRide, their primary competitor, end trading up ~7% in market debut on Friday.</li>
<li>Businesses of both self-driving technology companies have much in common: heavy operating losses, no defined break-even timeline and low revenue growth rates.</li>
<li>In their F-1, Pony AI has revised the minimum QIPO valuation from $8.5B to $4B, raising potential concerns of lofty valuation in the public markets.</li>
</ul>


Pony AI, a Chinese autonomous driving unicorn, is expected to price its IPO in November. Shares of WeRide, their primary competitor, end trading up ~7% in market debut on Friday.
Businesses of both self-driving technology companies have much in common: heavy operating losses, no defined break-even timeline and low revenue growth rates.
In their F-1, Pony AI has revised the minimum QIPO valuation from $8.5B to $4B, raising potential concerns of lofty valuation in the public markets.


Pony AI IPO Valuation Analysis: Likely To Price IPO Below $4B Valuation Threshold