IPO Roundup: Pony AI, Brazil Potash and more
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 18 2024
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Source: SeekingAlpha
IPO Market Update: The U.S. IPO market is slowing down as year-end approaches, with Pony AI's upcoming IPO aiming to raise $180 million amidst a backdrop of underperformance compared to the S&P 500 index.
Upcoming and Notable Filings: Several companies are set to launch IPOs this week, including Creative Global Technology Holdings and Brazil Potash Corp., while new filings include OneConstruction Group and QDM International, each seeking to raise up to $9 million.
Analyst Views on IPO
Wall Street analysts forecast IPO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IPO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 47.340
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Current: 47.340
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
