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LAZR - Luminar Technologies Inc News Story

$22.04 -0.1  -0.4%

Last Trade - 18/05/21

Sector
Technology
Size
Large Cap
Market Cap £5.32bn
Enterprise Value £4.89bn
Revenue £13.6m
Position in Universe 1105th / 6846

BUZZ-TuSimple IPO takes investors on wild ride

Thu 15th April, 2021 6:53pm
** Shares of self-driving truck maker TuSimple Holdings Inc
 TSP.O  down 7.7% at $36.93 on debut Thurs
    ** TSP opens at $40.25 vs $40 IPO price. Stock rises to as
high as $41.50, then skids to as low as $32.13
    ** IPO of ~33.8 mln shares prices $1 above $35-$39 marketed
range; San Diego-based co offers ~27 mln shares, while an
existing holder sells the balance  urn:newsml:reuters.com:*:nL4N2M8477
    ** Co, backed by Volkswagen's  VOWG_p.DE  commercial
trucking unit, TRATON SE, and United Parcel Service Inc  UPS.N ,
developing trucks with Navistar International Corp  NAV.N ,
which are slated to start production in 2024
    ** Morgan Stanley, Citigroup and J.P. Morgan leading 13-firm
underwriting group for the IPO

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 1-332-219-1430))
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