april 15 reuters  shares of tusimple holdings inc tspo made a lackluster us stock market debut on thursday giving the selfdriving truck maker a market capitalization of 85 billion tusimple shares opened at 4025 marginally higher than their initial public offering ipo price of 40 per share the san diego californiabased company sold about 27 million shares in its ipo while some stockholders sold about 68 million shares tusimple received about 11 million in proceeds from the ipo the company backed by volkswagens commercial trucking unit traton se and united parcel service inc is developing selfdriving trucks with navistar international corp which are slated to start production in 2024 many startups automakers and large technology companies including googles waymo and chinabased xpeng inc are accelerating work on their selfdriving technology that is expected to bring a sea change in the transportation industry a string of lidarsensor manufacturers went public last year through mergers with publicly listed shell companies including luminar technologies inc lazro velodyne lidar inc vldro ouster inc  underlining the demand for autonomous driving technology tusimple posted a net loss of 1779 million for the year ended dec 31 2020 a recent regulatory filing showed the company said it expects to incur significant expenses and continuing losses in the foreseeable future morgan stanley citigroup and jp morgan were among the underwriters for the offering reporting by sohini podder in bengaluru editing by vinay dwivedi