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Self-driving car startup Aurora on road to going public

Published by
AFP

New York (AFP) – Self-driving car startup Aurora on Thursday announced it is taking a side road to going public in a transaction valuing it at $13 billion. Silicon Valley-based Aurora is on course for a Wall Street debut by merging with Reinvent Technology Partners Y, a specific acquisition company formed by LinkedIn co-founder Reid Hoffman and Zynga founder Mark Pincus. The financial tactic allows a private company to begin trading shares under the auspices of an already established entity without going through a traditional initial public offering of stock. “We believe Aurora will be the fir…

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