WASHINGTON (dpa-AFX) - TuSimple Holdings Inc. priced its initial public offering of 33,783,783 shares of its class A common stock at a price to the public of $40.00 per share, with 27,027,027 shares being offered by TuSimple and 6,756,756 shares being offered by a selling stockholder, for gross proceeds to TuSimple of $1.08 billion.
TuSimple's expects its class A common stock to begin trading on the Nasdaq Global Select Market on April 15, 2021 under the ticker symbol, TSP. The offering is expected to close on April 19, 2021.
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