Velodyne Lidar hires bankers for an IPO: Business Insider [Reuters]
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Source: Reuters
Velodyne Lidar hires bankers for an IPO: Business Insider - Reuters 1 Min Read (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. 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. 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. Reporting by Ishita Chigilli Palli in Bengaluru; Editing by Daniel Wallis All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters. All Rights Re
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