Velodyne Lidar hires bankers for an IPO: Business Insider

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 US$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.

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Charities doing business: Review of guidelines to be completed next yearThe review of guidelines for charities that venture into business is expected to be completed next year, the charities watchdog told The Straits Times, and it will consult stakeholders in the sector while doing so.. Read more at straitstimes.com.
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