Deals
Self-Driving Tech Maker Quanergy Is Said to Interview IPO Banks
Race To Build Self-Driving Cars Accelerates
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Quanergy Systems Inc. could be the first initial public offering to emerge from a fleet of autonomous driving technology companies.
Quanergy has asked bankers to submit their pitches to advise it on taking the company public, according to people familiar with the matter. The company is eying 2018 for an IPO, said the people, who asked not to be identified because the matter is private.