With Pony’s offering, Chinese companies have raised $1.2 billion via U.S. IPOs this year, nearly double the amount in the same period in 2023 but below the heights seen during the pandemic.

Temperature-controlled storage and logistics giant Lineage Inc. shares climbed as much as 5.4% in its debut as a public company after raising about $4.4 billion in the year’s largest IPO.

Omers Private Equity is exploring an initial public offering of Kenan Advantage Group, one of North America’s biggest tank truck transporter and logistics providers, according to sources.

Cummins Inc. plans to distribute its remaining stakes in Atmus Filtration Technologies about a year after carving out the unit in an initial public offering.

Lineage Logistics is leading a crop of private companies weighing initial public offerings in the U.S. as soon as the second quarter, according to people familiar with the matter.

Lineage Logistics is targeting a valuation of more than $30 billion in an initial public offering, people familiar with the matter said, in what could be one of next year’s largest listings.

Chinese electric truck maker Windrose Technology has started preparatory work for an initial public offering in the U.S. next year as it plans the commercial rollout of its first vehicle.

Instacart joined chip designer Arm Holdings Ltd. in moving ahead with an initial public offering, adding momentum to a return of high-profile listings.

VinFast Auto Ltd. soared in its debut as a public company, vaulting its market capitalization beyond that of General Motors Co. as traders flipped shares of the electric vehicle maker.

Cummins Inc. spinoff Atmus Filtration Technologies rose 11% in its trading debut after raising $275 million in an initial public offering priced in the middle of a marketed range.