China's TuSimple trades flat after $1.3b US IPO
TuSimple, a China and US-based developer of autonomous driving technology for trucks, traded flat on debut following a $1.35 billion IPO at a market capitalization of $8.5 billion.
The company sold approximately 33.8 million class A shares for $40 apiece, above the indicative range of $35-39, according to a statement. The IPO comprised 27 million in new shares and 6.7 million shares...
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