Full Truck Alliance Co. Ltd.

Full Truck Alliance Co. Ltd. (YMM) priced its initial public offering on Jun 23, 2021 at $19.00 per ADS, and listed on NYSE. At the IPO price its market capitalization was about $17.72B. Morgan Stanley was lead-left underwriter, joined by CICC, Goldman Sachs and UBS and others. Simpson Thacher, Conyers Dill & Pearman and CM Law Firm advised the company and Davis Polk and King & Wood Mallesons advised the underwriters.

Full Truck Alliance Co. Ltd. operates a digital platform in China that connects shippers and truckers, built on nationwide mobile infrastructure and industry standards. The Cayman Islands company operates through subsidiaries and consolidated variable interest entities.

Status

IPO

Ticker

YMM

Exchange

NYSE

Priced

Jun 23, 2021

IPO price

$19.00 per ADS

Market cap at IPO price

$17.72B

First filed

May 27, 2021

Underwriters

Morgan Stanley, CICC, Goldman Sachs, UBS, Huatai, Citigroup, Nomura and CLSA

Company counsel

Simpson Thacher, Conyers Dill & Pearman and CM Law Firm

Underwriters' counsel

Davis Polk and King & Wood Mallesons

Sector

Technology

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.