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China’s Full Truck Alliance Seeks to Raise $1.6 Billion in U.S. IPO

By
Wayne Ma
· · Source: Bloomberg

Full Truck Alliance, a Chinese logistics startup sometimes dubbed the “Uber of trucks,” is seeking to raise more than $1.6 billion in an initial public offering in the U.S., Bloomberg reported. The SoftBank-backed startup would be valued at more than $20 billion if the IPO is priced at the top of its range, according to Bloomberg. The IPO plans come after Full Truck Alliance, also known as...

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