Hyperdrive
Autonomous Truck Firm TuSimple Raises $1.35 Billion in IPO
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TuSimple Holdings Inc., which is developing autonomous trucks now on the road in Texas and Arizona, priced its initial public offering above a marketed range to raise $1.35 billion.
The San Diego-based company and an existing investor sold 33.8 million shares at $40 each, it said in a statement Thursday, confirming an earlier Bloomberg News report. The shares had been marketed for $35 to $39 apiece.