Full Truck Alliance drives away with $1.6bn from IPO
![Adobestock_truck_575x375_March2021](https://assets.euromoneydigital.com/dims4/default/788a613/2147483647/strip/true/crop/575x375+0+0/resize/840x548!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F20%2Fb5%2F826cf934eef051423f58028f66f7%2Fadobestock-truck-575x375-march21.jpg)
China’s Full Truck Alliance (FTA), billed as an Uber-style service for trucks, has raised $1.56bn from its New York IPO. A wave of global demand pushed final pricing to the top of the guidance, said a banker close to the deal.
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