Self-Driving Truck Maker TuSimple Holdings Files for IPO
Is there room for yet another next-generation vehicle maker on the stock exchange? TuSimple Holdings, a developer of self-driving trucks, obviously believes there is, as the company filed for an initial public offering (IPO) on Tuesday.
It has not yet set a price range, number of shares, or date for the issue. A prominent set of underwriters -- Citigroup (NYSE: C), Morgan Stanley (NYSE: MS), and JPMorgan Chase (NYSE: JPM) unit J.P. Morgan are the three listed in the filing -- plus the popularity of peer stocks on the exchange suggest that the IPO could be fairly large.
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Source Fool.com
