Self-driving truck startup TuSimple Holdings Inc is aiming to raise about $1.3 billion by selling around 34 million shares at $35 to $39 each in its initial public offering (IPO) in the US.
The San Diego, California-based company is also targeting a valuation of over $8 billion.
The company will list on Nasdaq under the symbol “TSP”.
TuSimple, backed by United Parcel Service (UPS) and Volkswagen’s commercial trucking unit TRATON, is developing self-driving trucks with Navistar International Corp that are slated to start production in 2024.
TuSimple also launched a self-driving freight network partnership with UPS and Berkshire Hathaway Inc’s supply chain unit, McLane, in July.
According to TuSimple, a 2017 investment from Sun Dream Inc, an affiliate of Chinese technology firm Sina Corp, is being probed by the Committee on Foreign Investment in the United States.
Morgan Stanley, J.P.Morgan, and Citigroup are among the offering's underwriters.


South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal
Yen Slides as Japan Election Boosts Fiscal Stimulus Expectations
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility
Instagram Outage Disrupts Thousands of U.S. Users
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 



