If You re Going to Invest in a Chinese Stock, Here s What You Need to Know
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First ever Chinese themed garden for 41st Annual Macy s Flower Show
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China s Full Truck Alliance Revs Up in Market Debut
Full Truck Alliance, China s Uber for trucks, puts the pedal to the metal in its first day of trading.
Author:
Full Truck Alliance (
YMM) - Get Report switched into high gear Tuesday as the Chinese trucking startup raised $1.6 billion in its IPO and rose in its first day of trading.
Shares of the company, which has been described as China s Uber (
UBER) - Get Report for trucks, at last check were nearly 12% higher at $21.20. They ve traded on Tuesday up as much as 20% at $22.80.
Full Truck Alliance said in a statement that it had sold 82.5 million American depositary shares Monday for $19 each, the high end of its target range of $17 to $19.