Full Truck Alliance with successful US IPO and market value of CNY 130B
Full Truck Alliance is the world's largest digital freight platform and is now listed on the NYSE. The IPO price was USD 19, resulting in a market value of USD 20.6B (about CNY 130B), making it the largest Chinese IPO this year. The company was previously the result of two unicorns in the same space. The opening price rose by more than 13.16% to USD 21.5 at the final closing.
This briefing is contributed by and first appeared on CIMK.
Source: CIMK
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