108 days ago • Posted by William Ramstein

Autonomous trucking company TuSimple prepares IPO

The company, which has offices in San Diego and China, has filed confidentially for an IPO and plans to make that filing public in early March and will list its shares for trading a few weeks later, the people said. That schedule is subject to change and market conditions could alter TuSimple’s plans. Morgan Stanley is the lead banker on the IPO, the people said. TuSimple said it raised $215 million in a 2019 financing round that valued it at $1.2 billion. It has since raised more capital but declined to share its latest valuation. Other financial details about the coming IPO weren’t immediately available. Source: WSJ