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Cyngn Priced, Nasdaq: CYN

Develops autonomous driving software for commercial and industrial vehicles.

Industry: Technology

Latest Trade: $7.40 -0.10 (-1.3%)

First Day Return: n/a

Return from IPO: 0.0%

Industry: Technology

We are an autonomous vehicle (AV) technology company that is focused on addressing industrial uses for autonomous vehicles. We believe that technological innovation is needed to enable adoption of autonomous industrial vehicles that will address the substantial industry challenges that exist today. These challenges include labor shortages, lagging technological advancements from incumbent vehicle manufacturers, and high upfront investment commitment. Our focus on industrial AVs simplifies these challenges because industrial facilities (especially those belonging to a single end customer that operates similarly at different sites) share much more in common than different cities do. Furthermore, our end customers own their infrastructure and can make changes more easily than governments can on public roadways. With these challenges in mind, we are developing an Enterprise Autonomy Suite (EAS) that leverages advanced in-vehicle autonomous driving technology and incorporates leading supporting technologies like data analytics, fleet management, cloud, and connectivity. EAS provides a differentiated solution that we believe will drive pervasive proliferation of industrial autonomy and create value for customers at every stage of their journey towards full automation and the adoption of Industry 4.0.
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IPO News for Cyngn
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IPO Data
IPO File Date 09/03/2021
Offer Price $7.50
Price Range $7.50 - $9.50
Offer Shares (mm) 3.5
Deal Size ($mm) $26
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/19/2021
Offer Price $7.50
Price Range $7.50 - $9.50
Offer Shares (mm) 3.5
Deal Size ($mm) $26
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Menlo Park, CA
Founded 2013
Employees 33
Website www.cyngn.com