Transportation IPO News Updates

This is PlusAI’s second attempt to go public. The company announced plans to merge with Hennessy Capital Investment Corp. V in a 2021 deal that valued the company at $3.3 billion.

EquipmentShare.com Inc. and Motive Technologies are set to begin formal marketing for their initial public offerings as soon as next week, according to people familiar with the matter.

Beta is “akin to a young Tesla, but with a more attractive end market of aerospace, which has higher barriers to entry than autos,” said Morgan Stanley analysts in a note.

The Stockholm-based autonomous driving startup will combine with special purpose acquisition company Legato Merger and is set to raise $319 million in the process, the company said Nov. 12.

Investors are warming to Beta Technologies' initial public offering as the electric aircraft developer and its peers look to distance themselves from unhappy associations with the 2021 blank-check company boom and bust.

The company counts TPG, Amazon.com and General Electric among investors with 5% or greater stakes.

Kodiak AI went public Sept. 25 after the self-driving truck developer’s merger with special purpose acquisition company Ares Acquisition Corp. II.

The startup is generating about $500 million of annualized recurring revenue from its more than 100,000 customers.

Teaming up with the SPAC controlled by former investment banker Michael Klein will put a valuation of $1.2 billion on Plus. The combined entity will be known as PlusAI.

Autonomous driving company Pony AI has confidentially filed for a Hong Kong listing to help raise capital to grow its business, according to people familiar with the situation.