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2021-07-16

More competition? Great!

Self-driving car startup Aurora on road to going public

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Great!","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/170054130","repostId":1137918586,"repostType":4,"repost":{"id":"1137918586","kind":"news","pubTimestamp":1626396436,"share":"https://www.laohu8.com/m/news/1137918586?lang=&edition=full","pubTime":"2021-07-16 08:47","market":"us","language":"en","title":"Self-driving car startup Aurora on road to going public","url":"https://stock-news.laohu8.com/highlight/detail?id=1137918586","media":"AFP","summary":"[NEW YORK] Self-driving car startup Aurora on Thursday announced it is taking a side road to going p","content":"<p>[NEW YORK] Self-driving car startup Aurora on Thursday announced it is taking a side road to going public in a transaction valuing it at US$13 billion.</p>\n<p>Silicon Valley-based Aurora is on course for a Wall Street debut by merging with Reinvent Technology Partners Y, a specific acquisition company formed by LinkedIn co-founder Reid Hoffman and Zynga founder Mark Pincus.</p>\n<p>The financial tactic allows a private company to begin trading shares under the auspices of an already established entity without going through a traditional initial public offering of stock.</p>\n<p>\"We believe Aurora will be the first to commercialise self-driving technology at scale for the US trucking and passenger transportation markets based on its industry-leading team, technology and partnerships,\" Mr Pincus said in a release.</p>\n<p>Culmination of the deal is expected by the end of this year. 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