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home / news releases / USX - Self-driving truck startup TuSimple Holdings to debut today after pricing IPO at $40

USX - Self-driving truck startup TuSimple Holdings to debut today after pricing IPO at $40

U.S. Xpress Enterprises Inc. Class A
TuSimple Holdings (TSP) is expected to begin trading today on Nasdaq after pricing IPO of 33,783,783 Class A common stock at $40 per share, for gross proceeds of $1.08B.Of the total offering, 27,027,027 shares being offered by the company and 6,756,756 shares by a selling stockholder.Underwriters' over-allotment is an additional 5,067,567 shares of Class A common stock. Offering is expected to close on April 19.The company is backed strategic investors, including Volkswagen AG’s (VLKAF) heavy-truck business The Traton Group, Navistar (NAV) Goodyear (GT), U.S. Xpress (USX), Nvidia (NVDA) and United Parcel Service (UPS).

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Self-driving truck startup TuSimple Holdings to debut today after pricing IPO at $40
Stock Information
Company Name: U.S. Xpress Enterprises Inc. Class A
Stock Symbol: USX
Market: NYSE
Website: usxpress.com
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