The U.S. IPO pipeline appears to have slowed down, as the end of the year comes in sight. This week, investors are awaiting the IPO of autonomous vehicle technology firm Pony AI, which is looking to raise about $180M.

Since the start of the year, the Renaissance IPO ETF (NYSEARCA:IPO) has risen about 17.5%, underperforming the S&P 500 index, which has gained about 23.1% over that period.

Upcoming IPOs/SPACs that are expected to be priced this week

• Creative Global Technology Holdings Limited (CGTL) is raising $5.6M by offering 1.3M shares at a price range of about $4.00 and $5.00. Description: Pre-owned consumer electronic devices company.
• Aureus Greenway (AGH) is raising $18.8M by offering 3.8M shares at a price range of about $4.00 and $6.00. Description: Golf country club operator.
• Jupiter Neurosciences (JUNS) is raising $11.0M by offering 2.8M shares at a price of about $4.00. Description: Clinical research and pharmaceutical company.
• Peak Resources (NYSEMKT:PRB) is raising $65.8M by offering 4.7M shares at a price range of about $13.00 and $15.00. Description: Oil and natural gas exploration company.
• Fitness Champs Holdings (FCHL) is raising $9.0M by offering 2.0M shares at a price range of about $4.00 and $5.00. Description: Sports education provider.
• Brazil Potash Corp. (GRO) is raising $70.1M by offering 4.3M shares at a price range of about $15.00 and $18.00. Description: Mineral exploration company.
• Leishen Energy Holding (LSE) is raising $6.2M by offering 1.4M shares at a price range of about $4.00 and $5.00. Description: Oil and gas services provider.
• Pony AI (PONY) is raising $180.0M by offering 15.0M shares at a price range of about $11.00 and $13.00. Description: Autonomous vehicle technology firm.
• BrilliA (BRIA) is raising $10.0M by offering 4.0M shares at a price of about $4.00. Description: Sales and marketing firm.
• Park Ha Biological Technology Co. Ltd (PHH) is raising $7.0M by offering 1.2M shares at a price range of about $5.00 and $7.00. Description: Skincare products manufacturer.
• YSX Tech Co. Ltd (YSXT) is raising $6.3M by offering 1.3M shares at a price range of about $4.00 and $6.00. Description: Business solutions provider.

New notable filings

• OneConstruction Group (ONEG) has filed with the SEC to raise up to $9M in an initial public offering. Description: Hong Kong-based steelwork contractor.
• QDM International (OTCQB:QDMI) has filed with the SEC to raise up to $8M in an initial public offering. Description: Hong Kong insurance distributor.
• MasterBeef Group (MB) has filed with the SEC to raise up to $8M in an initial public offering. Description: Hong Kong restaurant group.
• Delixy Holdings (DLXY) has filed with the SEC to raise up to $9M in an initial public offering. Description: Singapore-based oil products trader.
• MaxsMaking (MAMK) has filed with the SEC to raise up to $9M in an initial public offering. Description: Chinese custom consumer goods producer.
• Columbus Acquisition (COLAU) has filed with the SEC to raise up to $58M in an initial public offering. Description: Blank check company.

Terms and changes

• Knorex (KNRX) has set terms to raise 12M in an initial public offering of sale of 2.5M shares at a price range of $4.00 and $5.50. Description: Singapore adtech firm.
• LogProstyle (LGPS) has set terms to raise 13M in an initial public offering of sale of 2.5M shares at a price range of $4.00 and $6.00. Description: Japanese real estate company.
• Metros Development (MTRS) has tweaked its share offering. The company now plans to offer 1.3M shares at a price range of $5.50 and $6.50, aiming to raise $8M. Description: Japanese property reseller.
• Fast Track Group (FTRK) has tweaked its share offering. The company now plans to offer 3M shares at a price range of $4.00 and $5.00, aiming to raise $14M. Description: Singapore-based event management firm.

SA Commentary

"PONY is seeking U.S. public capital market investment to fund its continued operations expansion within China and its R&D efforts," said Investing Group Leader Donovan Jones in a recent analysis on Pony AI.

"The firm’s financials have produced increasing topline revenue, variable gross profit and reduced gross margin and heavy operating losses and cash used in operations."