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TuSimple Holdings Priced, Nasdaq: TSP

Developing autonomous driving technology for freight trucks.

Industry: Industrials

Latest Trade: $34.45 -0.49 (-1.4%)

First Day Return: 0.0%

Return from IPO: -12.7%

Industry: Industrials

We are an autonomous technology company that is revolutionizing the estimated $4 trillion global truck freight market.1 We have developed industry-leading autonomous technology specifically designed for semi-trucks, which has enabled us to build the world’s first Autonomous Freight Network ("AFN") in partnership with world-class shippers, carriers, railroads, freight brokers, fleet asset owners, and truck hardware partners. We believe that our technology and our AFN will make long haul trucking significantly safer as well as more reliable, efficient and environmentally friendly, creating significant benefits for all who rely on the freight ecosystem to deliver essential goods. We are focused specifically on the truck freight market, which is a large and essential industry that moves approximately 80% of the freight in the United States by revenue. E-commerce trends such as same day shipping are expected to further accelerate demand for truck freight and strain traditional freight providers’ ability to supply sufficient capacity dynamically and cost effectively.5 Currently, trucking is facing substantial challenges in several areas including safety, efficiency, and carbon footprint, which we believe cannot be fully addressed without significant technological innovation.
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IPO News for TuSimple Holdings
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IPO Data
IPO File Date 03/23/2021
Offer Price $40.00
Price Range $35.00 - $39.00
Offer Shares (mm) 33.8
Deal Size ($mm) $1,351
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 04/14/2021
Offer Price $40.00
Price Range $35.00 - $39.00
Offer Shares (mm) 33.8
Deal Size ($mm) $1,351
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters San Diego, CA
Founded 2015
Employees 839
Website www.tusimple.com