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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.
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Singapore Reporter/s
In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digi
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