Business, Technology, Autonomous

Daimler Truck Launches as Public Company

Daimler Truck Gains in Debut After Historic Split From Mercedes Ola Kallenius, CEO of Daimler AG, left, Martin Daum, CEO of Daimler Trucks AG, center, and Theodor Weimer, CEO of Deutsche Boerse AG, ring the bell at the Frankfurt Stock Exchange. (Alex Kraus/Bloomberg)

To the clanging of a bell and the blasting of a truck air horn, Daimler Truck began trading Dec. 10 as an independent company on the Frankfurt Stock Exchange under the stock symbol DTG, marking a new era following its spinoff from Daimler AG.

Roger Gilroy | Senior Reporter
December 10, 2021
Business, Technology, Autonomous

Ford-Backed Argo Chooses Citigroup, JPMorgan to Go Public

An Argo-modified Ford Fusion autonomous vehicle sits parked in New York in July 2019. An Argo-modified Ford Fusion autonomous vehicle sits parked in New York in July 2019. (Mark Kauzlarich/Bloomberg News)

Argo AI, the self-driving startup backed by Ford Motor Co. and Volkswagen AG, is working with investment bankers as it prepares to go public as soon as this year with a valuation expected to top $7 billion.

July 8, 2021
Government, Business, Technology, Logistics

China Trucking Startup Full Truck Alliance Raises $1.6 Billion in US IPO

Trucks wait in line to enter the Port of Oakland in March 2020. (David Paul Morris/Bloomberg News) David Paul Morris/Bloomberg News

Full Truck Alliance Co., an Uber-like trucking startup, has raised $1.6 billion after pricing its U.S. initial public offering at the top of a marketed range, in one of the biggest listings stateside by a Chinese company this year.

June 22, 2021
Business, Technology

SPAC Crackdown Threatens Environment That Powers EV Startups

Electric Vehicles Drew Angerer/Getty Images

The marriage between SPACs and clean-tech vehicle startups is on the rocks as regulators push for detail.

Crystal Kim | Bloomberg News
May 3, 2021
Government, Business, Technology

Chinese Trucking Startup Full Truck Alliance Eyes $1 Billion US IPO

A truck loaded with a shipping container drives through the Port of Oakland in September 2019. Justin Sullivan/Getty Images

Uber-like Chinese startup Full Truck Alliance is preparing for a U.S. initial public offering that could raise at least $1 billion as soon as this year, after eking out a slim 2020 profit thanks to a pandemic-era shipping surge.

January 28, 2021
Business, Technology, Fuel

SPAC Boom Propels EV Makers to Public Markets

The Lucid Motors Air prototype electric vehicle stands at the company's headquarters in Newark, Calif. The Lucid Motors Air prototype electric vehicle stands at the company's headquarters in Newark, Calif., in August 2020. (David Paul Morris/Bloomberg News)

Until June last year, Tesla Inc. was the only dedicated electric carmaker based in the U.S. on the stock market. Then special purpose acquisition companies took over Wall Street.

Ed Ludlow and Crystal Tse | Bloomberg News
January 22, 2021
Business, Technology, Logistics

Delivery Startup DoorDash to Seek Up to $2.8 Billion in IPO

Doordash's logo is displayed on an iPhone. (Gabby Jones/Bloomberg News) Gabby Jones/Bloomberg News

DoorDash Inc., the biggest U.S. food delivery company, is seeking to raise as much as $2.8 billion in an initial public offering that’s part of an end-of-year U.S. listings rush.

November 30, 2020

Trash Hauler GFL Slides on Trading Debut Amid Market Turmoil

GFL Environmental Inc. garbage truck A GFL Environmental garbage truck prepares to drop off a load of waste at a transfer station in Toronto on Oct. 24, 2019. (Cole Burston/Bloomberg News)

GFL Environmental Inc. fell in its trading debut after raising $1.425 billion in the largest Canadian initial public offering in almost six years.

March 3, 2020
Business, Technology

VW’s Traton IPO to Raise $1.8 Billion, Pricing at Low End

vw Mikael Sjoberg/Bloomberg News

Volkswagen AG raised 1.55 billion euros ($1.8 billion) selling a stake in its truck business, but only after pricing the offer at the low end of a target range to attract investors to one of Europe’s biggest initial public offerings this year.

June 27, 2019
Business, Technology, Equipment, Autonomous

VW’s $18.6 Billion Truck IPO to Test CEO’s Overhaul Plan

vw Krisztian Bocsi/Bloomberg News

Volkswagen AG valued its heavy-trucks business at as much as $18.6 billion in a planned initial public offering that will test CEO Herbert Diess’ ambition of overhauling the carmaking behemoth.

Christoph Rauwald | Bloomberg News
June 14, 2019