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Aurora Innovation, a self-driving truck startup, has announced a public offering of up to $420 million in shares, an increase from an initial target of $350 million due to strong investor demand. The offering is being facilitated by Goldman Sachs, Allen & Co., and Morgan Stanley, with shares priced at $3.60 each. The company is preparing for a commercial launch expected by the end of 2024. In related news, AA Mission Acquisition Corp. has priced its initial public offering at $300 million, targeting businesses in Asia. The SPAC's offering includes 1/2 warrant and is backed by Clear Street as the underwriter.
Self-driving truck startup Aurora Innovation to sell up to $420M in shares ahead of commercial launch: https://t.co/lUbuoTc3ps by TechCrunch #infosec #cybersecurity #technology #news
Self-driving truck startup Aurora Innovation to sell up to $420M in shares ahead of commercial launch https://t.co/hwtXXJbFzU
Self-driving truck startup Aurora Innovation to sell up to $420M in shares ahead of commercial launch: Self-driving technology company Aurora Innovation is looking to raise hundreds of millions in additional capital as it races… https://t.co/hUwjj9dpwB #AI #AInews #AItips
