Deals
Driverless Truck Firm Plus Weighs U.S. IPO of Non-China Business
- Tech startup seeking private fundraising at $3 billion value
- Plus called off its merger with U.S. blank-check firm in 2021
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Plus is considering listing its non-China businesses in a U.S. initial public offering, according to people familiar with the matter, after the self-driving-truck startup scrapped a merger with a blank-check company.
The Cupertino, California-based firm is working with advisers to privately raise fresh funds in a round valuing the entire business at about $3 billion, the people said, ahead of a potential traditional IPO for the U.S. and Europe businesses.