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Cruise May Be Headed For IPO

Feb 7, 2019 | 12:48 PM

The GM Cruise autonomous vehicle unit could be setting up for a spinoff and a stock offering.
Future and current employees of General Motors’ Cruise are being offered equity in the driverless startup under a new employee incentive plan filed with the Securities and Exchange Commission. Such incentive plans are typically designed to retain senior executives.

No decision or date for an IPO has been set.

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