IPO Summary: Week ending 11.29.24

The table highlights the performance of two recent IPOs: Brazil Potash Corp. (symbol: GRO) and Pony AI Inc. (symbol: PONY), focusing on key financial metrics and outcomes in their initial week of trading.

Brazil Potash Corp. (GRO)

• Filing and Final Pricing: GRO set an initial filing price range of $15.00 to $18.00 per share and finalized its IPO price at $15.00.
• Market Performance: The stock opened at $12.40, representing a -17.3% decrease from its IPO price. On the first trading day, it closed at $13.51, reflecting a day-one decline of -9.9% compared to the IPO price. By the end of the week, the stock settled slightly lower at $13.10.
• Volatility: The week’s high was $15.00, equal to its IPO price, while the low was $12.40, indicating limited recovery after its opening drop.
• Cash Raised: GRO raised $30 million from the IPO based on a share size of 2 million.
• Performance Summary: GRO experienced a difficult debut, with sharp declines at both the open and close of the first trading day. It struggled to regain its IPO price throughout the week, closing down -9.9% from its offering price.

Pony AI Inc. (PONY)

• Filing and Final Pricing: PONY’s IPO was priced within a range of $11.00 to $13.00 per share, with the final price set at $13.00.
• Market Performance: The stock opened at $15.00, a 15.4% increase over its IPO price, showcasing a strong start. However, the stock dropped to close at $12.00 on day one, a -7.7% decline from its IPO price. By week’s end, it recovered slightly to $13.02.
• Volatility: PONY saw a high of $15.74 and a low of $11.95 during its first week, with a notable increase of 21.1% from the IPO price to its weekly high.
• Cash Raised: With a share size of 20 million, PONY secured $260 million in funding.
• Performance Summary: PONY demonstrated initial enthusiasm, opening above its IPO price, but faced selling pressure later. Despite this, it achieved stability near its IPO price by week’s end.

In conclusion, PONY outperformed GRO in initial excitement and volatility, though both faced challenges maintaining upward momentum after day one.