TuSimple, a global self-driving technology company, has announced that it has filed a registration statement with the U.S. Securities and Exchange Commission relating to a proposed initial public offering (IPO) of shares of its Class A common stock. on completion, the shares will trade on the Nasdaq.
TuSimple intends to list its common stock on the Nasdaq Global Select Market under the ticker symbol “TSP”.
In 2019, UPS (NYSE:UPS) made a minority investment in TuSimple. Both companies tested self-driving tractor trailers on a route in Arizona to determine whether the vehicles can improve service and efficiency in the UPS network.
TuSimple is headquartered in San Diego, California with operations in Arizona, Texas, China, Japan and Europe.
Founded in 2015, TuSimple is developing a commercial-ready Level 4 (SAE) fully autonomous driving solution for long-haul heavy-duty trucks.