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Autonomous trucking startup TuSimple’s Stock Falls on Opening Day

By
Martin Peers
· · Source: The Information

Autonomous trucking startup TuSimple’s public stock debut turned sour on Thursday, as the stock quickly fell below its IPO price. TuSimple shares were trading in mid afternoon at $37.90, below the $40 level at which it priced the IPO, although it rallied to close at exactly $40. At the IPO price, TuSimple is worth $8.5 billion, compared to its $1 billion valuation as recently as last fall. ...

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