Velodyne Lidar hires bankers for an IPO - Business Insider


June 22 Reuters - Autonomous vehicle technology company Velodyne Lidar has hired bankers for an initial public offering, Business Insider on Saturday, citing sources familiar with the process (graphic).

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.

Velodyne Lidar did not respond to Reuters' request for comment outside regular business hours.

This article appears in: World Markets , Stocks , 401k , Banking and Loans , IPOs , Retirement

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