Aurora's stock debuts on Nasdaq with 2% rise
Aurora's stock debuts on Nasdaq with 2% rise
By Claudia Assis
Driverless-technology company says it has more than $1.8 billion in cash after SPAC merger
Shares of autonomous-vehicle technology company Aurora Innovation Inc. rose nearly 2% on Thursday, their debut on the Nasdaq after the merger with a blank-check company was completed.
The merger with special-purpose acquisition company Reinvent Technology Partners Y formally closed on Wednesday, leaving Aurora (AUR) with more than $1.8 billion in gross proceeds and cash on hand, the company said.
Aurora announced the plan to merge and become a public company in July. Reinvent is led by LinkedIn co-founder Reid Hoffman and Zynga Inc. (ZNGA) founder Mark Pincus.
Aurora Driver, the company's flagship autonomous driving product, is designed to apply to vehicles from commercial trucks to passenger cars.
Aurora plans to launch its autonomous commercial trucking business, Aurora Horizon, by late 2023, followed by a driverless ride-hailing business, Aurora Connect, in 2024.
The company has inked partnerships with Uber Technologies Inc and an unit of Volvo Group.
-Claudia Assis
By Claudia Assis
作者：克勞迪婭阿西斯
Driverless-technology company says it has more than $1.8 billion in cash after SPAC merger
無人駕駛科技公司表示，SPAC合併後擁有超過18億美元的現金
Shares of autonomous-vehicle technology company Aurora Innovation Inc. rose nearly 2% on Thursday, their debut on the Nasdaq after the merger with a blank-check company was completed.
自動駕駛汽車技術公司Aurora Innovation Inc.的股價週四上漲了近2％，在與一家空白支票公司的合併完成後在納斯達克首次亮相。
The merger with special-purpose acquisition company Reinvent Technology Partners Y formally closed on Wednesday, leaving Aurora (AUR) with more than $1.8 billion in gross proceeds and cash on hand, the company said.
該公司表示，與特殊用途收購公司Reinvent Technology Partners Y的合併於週三正式完成，使Aurora（AUR）的總收益和手頭現金超過18億美元。
Aurora announced the plan to merge and become a public company in July. Reinvent is led by LinkedIn co-founder Reid Hoffman and Zynga Inc. (ZNGA) founder Mark Pincus.
Aurora在7月宣佈了合併成爲上市公司的計劃。Reinvent由LinkedIn聯合創始人裏德·霍夫曼和Zynga Inc.（ZNGA）創始人馬克·平庫斯領導。
Aurora Driver, the company's flagship autonomous driving product, is designed to apply to vehicles from commercial trucks to passenger cars.
Aurora Driver 是該公司的旗艦自動駕駛產品，旨在應用於從商用卡車到乘用車的車輛。
Aurora plans to launch its autonomous commercial trucking business, Aurora Horizon, by late 2023, followed by a driverless ride-hailing business, Aurora Connect, in 2024.
Aurora計劃在2023年底之前推出其自動駕駛商用卡車運輸業務Aurora Horizon，隨後在2024年推出無人駕駛叫車業務Aurora Connect。
The company has inked partnerships with Uber Technologies Inc and an unit of Volvo Group.
該公司已與Uber Technologies Inc和沃爾沃集團旗下的一個子公司簽署了合作伙伴關係。
-Claudia Assis
-克勞迪婭·阿西斯
譯文內容由第三人軟體翻譯。
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