Driverless autos, trucks, taxis etc. Message Board

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Technology Stocks : Driverless autos, trucks, taxis etc.

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From: slacker711	6/24/2019 12:45:59 PM
	1 Recommendation of 567

Velodyne Lidar hires bankers for an IPO: Business Insider reuters.com 1 MIN READ A Velodyne LiDAR sensor is seen mounted on a self-driving vehicle during a self-racing cars event at Thunderhill Raceway in Willows, California, U.S., April 1, 2017. REUTERS/Stephen Lam (Reuters) - Autonomous vehicle technology company Velodyne Lidar has hired bankers for an initial public offering, Business Insider reported on Saturday, citing sources familiar with the process. ADVERTISEMENT The San Jose, California-based company is working with Bank of America Merrill Lynch, Citigroup Inc, Royal Bank of Canada, and William Blair for a potential IPO, the report said. ADVERTISEMENT Velodyne is looking to surpass its private valuation of $1.8 billion and go public before the end of 2019, Business insider added, citing a source. Nikon Corp invested $25 million in the self-driving car technology company in December 2018. Velodyne Lidar did not respond to Reuters’ request for comment outside regular business hours.

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