Ford and Baidu are in line for exits after 3D sensor technology developer Velodyne Lidar appointed banks to underwrite an IPO expected to value it at $1.8bn.

US-based 3D mapping technology developer Velodyne Lidar has hired banks for an initial public offering that would supply exits to carmaker Ford and internet group Baidu, Business Insider has reported. Velodyne Lidar was spun off from audio equipment producer Velodyne Acoustics in 2016 to market light, detection and ranging (lidar) technology the latter had begun…

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