with hundreds of millions of dollars in financing from Chinese investors and U.S. freight-hauling companies, has filed paperwork to go public and plans to join the U.S. stock market as early as next month, according to people familiar with the matter.
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.
In 10 years or sooner truckers will be obsolete. You must invest. Residual income will be the game changer.
And machine replace more humans
ASenjourno Fantastic company TuSimpleAI led by a fantastic leader Xiaodi Hou
Someone make sure it's not on a hill Nikola
The arrival of self-driving vehicles will obsolete traffic cops because autonomous cars will always automatically obey all traffic laws. In our driverless future, we can abolish police traffic patrols The word ”Phoenix“ occurs in the text of Nostradamus
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