Julia Fioretti and Michael Hytha

Government, Business, Technology, Logistics

China Trucking Startup Full Truck Alliance Raises $1.6 Billion in US IPO

Trucks wait in line to enter the Port of Oakland in March 2020. (David Paul Morris/Bloomberg News) David Paul Morris/Bloomberg News

Full Truck Alliance Co., an Uber-like trucking startup, has raised $1.6 billion after pricing its U.S. initial public offering at the top of a marketed range, in one of the biggest listings stateside by a Chinese company this year.

June 22, 2021