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IPO · TSP

TuSimple Holdings Inc.

Formerly Tusimple (Cayman) Ltd

TuSimple Holdings Inc. (TSP) priced its initial public offering on Apr 16, 2021 at $40.00 per share, above its $35.00–$39.00 range, raising $1.35B, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $8.49B. Gunderson Dettmer advised the company and Davis Polk advised the underwriters.

TuSimple Holdings Inc. is an autonomous technology company focused on the freight market. It develops integrated software and hardware for Level 4 driverless semi-trucks and has built an Autonomous Freight Network with shippers, carriers, railroads, brokers and truck hardware partners.

Status
IPO
Ticker
TSP
Exchange
Nasdaq Global Select
Priced
Apr 16, 2021
IPO price
$40.00
Price range
$35.00–$39.00
Raised
$1.35B
Market cap at IPO price
$8.49B
First filed
Mar 23, 2021
Company counsel
Gunderson Dettmer
Underwriters' counsel
Davis Polk
Sector
Technology
Country / state
CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.

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Filings

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