Einride CEO talks Amazon, defense as company goes public

Autonomous trucking tech company Einride went public Wednesday via a SPAC deal with Legato Merger Corp. III.

Why it matters: Einride, and competitors Kodiak and Aurora, are testing investor appetite for driverless trucking.

Follow the money: Einride shares priced at $22 Wednesday on Nasdaq, opened at $15 today, and closed at $10.53.

• Einride's February PIPE financing valued it at $1.35 billion — down from its $1.8 billion valuation in November of last year.