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Velodyne becomes latest tech company to go public using a SPAC, eschewing the traditional IPO path

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A Velodyne Lidar Inc. puck sensor sits in the bonnet of a self-driving Toyota Motor Corp. Prius hybrid car, operated by Yandex.Taxi, part of Yandex.NV, in Moscow, Russia, on Wednesday, Aug. 21, 2019. Yandex, Russia's largest search engine that successfully expanded to online taxi and swallowed Uber Technologies Inc. operations in the country, started testing self-driving cars in 2017. Photographer: Andrey Rudakov/Bloomberg via Getty Images

Velodyne Lidar, the leading supplier of a sensor widely considered critical to the commercial deployment of autonomous vehicles, said Thursday it has struck a deal to merge with special-purpose acquisition company Graf Industrial Corp., with a market value of $1.8 billion. The company said it was able to raise $150 million in private investment inAutomotive, Transportation, autonomous vehicles, Baidu, Ford, Lidar, Velodyne, waymo

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