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 story : TuSimple IPO prices above expected range, valuing self-driving truck maker at .5 billion #FinanceUSA #StockMarketNEWS TuSimple Holdings Inc. is set to go public Thursday, after the self-driving

@stockMarketNEWS Thu 15 Apr, 2021

Posted in: #FinanceUSA #StockMarketNEWS

TuSimple IPO prices above expected range, valuing self-driving truck maker at .5 billion #FinanceUSA #StockMarketNEWS
TuSimple Holdings Inc. is set to go public Thursday, after the self-driving trucks maker's initial public offering priced at a share, above the expected range of between and a share. The company sold 27.03 million shares in the IPO to raise .08 billion while selling shareholders sold 6.76 million shares to raise 0.3 million. The IPO pricing values the company at about .5 billion. The stock is expected to begin trading on the Nasdaq under the ticker symbol "TSP." Morgan Stanley, Citigroup and J.P. Morgan were the lead book-running managers. The company is going public at a time that the Renaissance IPO ETF has lost 4.9% over the past three months while the S&P 500 has gained 9.5%.


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