Plus scores SPAC deal as Wall Street sizes up TuSimple prospects

Cooling SPAC marketHCIC V raised $345 million during an initial public offering in January. Plus raised $420 million from current and new investors in February and March in a two-part Series B fundraising round. A subsidiary of China media conglomerate Sina sold 6 million shares of TuSimple on the day TuSimple went public. Plus has a deal with Europe’s IVECO to jointly develop autonomous trucks. TuSimple coverage initiationsSeparately, two Wall Street analysts initiated coverage of TuSimple on Monday.