] [TechWeb June 24, according to foreign media reports, informed sources said, autopilot Velodyne Lidar technology company has hired several investment banks preparations for the IPO (initial public offering) issues.
Pictures from Velodyne's official website
Foreign media reported that, Velodyne Lidar hired investment banks including Merrill Lynch, Bank of America, Citigroup, Royal Bank of Canada (RBC) and William Blair.
Informed sources said, Velodyne Lidar want it valued at more than $ 1.8 billion and is listed before the end of 2019.
Lidar English "light detection and ranging" abbreviation, known as laser radar technology.
According to the official website, Velodyne Lidar products have been used in Volvo, Mercedes-Benz, Ford, Baidu and many other manufacturers of autonomous vehicles.