Autonomous truck software maker TuSimple is looking to raise as much as $1.5 billion in its initial public offering of stock.
In a filing with the Securities and Exchange Commission on Wednesday, the San Diego and Shanghai-based company said it would offer 38,851,350 shares at a maximum of $39 a share. Proceeds would be slightly more than $1.5 billion. Shares could sell for as little as $35 each. That would bring in about $1.36 billion, TuSimple said in the filing.
TuSimple expects that after...
https://www.freightwaves.com/news/tusimple-seeks-to-raise-up-to-1-5b-in-ipo-stock-sale