Autonomous truck (Self-driving truck) startup TuSimple Holdings Inc filed for a United States initial public offering (IPO) on March 22, becoming a member of a clutch of companies seeking to capitalize on rising investor curiosity in the sector.
The corporate didn't disclose the number of shares it plans to supply to investors or the price range for its offering.
A lot of startups, automakers, and large technology firms, including Google's Waymo and China-based Xpeng Inc, are focusing on self-driving car techniques to cash in on the tech, which is predicted to deliver a sea change in the transportation industry.
Other self-driving firms similar to Velodyne, Luminar Technologies, and Aeva have additionally not too long ago filed to go public, banking on a historic growth in United States capital markets.
Corporations raised approx $167 billion via stock market floats last year, in line with Dealogic - a record that is likely to be eclipsed once more this yr, in accordance with investment bankers.
Based in 2015, TuSimple was under the scanner of the Committee on International Investment in the US due to its ties with China, the Wall Street Journal reported earlier. But the committee didn't pursue any action in opposition to the company.
TuSimple's revenue was greater than doubled to $1.8 million within the year ended Dec. 31, 2020. Net loss attributable to common stockholders widened to $198.8m, from a loss of $145 million a yr earlier.
The corporate didn't disclose the number of shares it plans to supply to investors or the price range for its offering.
A lot of startups, automakers, and large technology firms, including Google's Waymo and China-based Xpeng Inc, are focusing on self-driving car techniques to cash in on the tech, which is predicted to deliver a sea change in the transportation industry.
Other self-driving firms similar to Velodyne, Luminar Technologies, and Aeva have additionally not too long ago filed to go public, banking on a historic growth in United States capital markets.
Corporations raised approx $167 billion via stock market floats last year, in line with Dealogic - a record that is likely to be eclipsed once more this yr, in accordance with investment bankers.
Based in 2015, TuSimple was under the scanner of the Committee on International Investment in the US due to its ties with China, the Wall Street Journal reported earlier. But the committee didn't pursue any action in opposition to the company.
TuSimple's revenue was greater than doubled to $1.8 million within the year ended Dec. 31, 2020. Net loss attributable to common stockholders widened to $198.8m, from a loss of $145 million a yr earlier.
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