Tusimple announces pricing of initial public offering

San diego, april 15, 2021 /prnewswire/ -- tusimple holdings inc. ("tusimple") , a global self-driving technology company, announced the pricing of 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 $1,081,081,080, before underwriting discounts, commissions, and offering expenses payable by tusimple. in addition, the underwriters of the initial public offering have a 30-day option to purchase up to an additional 5,067,567 shares of class a common stock from the selling stockholder at the initial public offering price less underwriting discounts and commissions.
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