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Finance

China's Full Truck Alliance jumps 13% in Wall Street debut

Performance of 'Uber for trucks' shows stronger US appetite for Chinese tech listings

NEW YORK -- Chinese digital freight startup Full Truck Alliance ended Tuesday up 13% in its first day of trading on the New York Stock Exchange after raising $1.6 billion from investors, suggesting a normalizing appetite for Chinese technology listings in the U.S. following a long period of policy uncertainty.

The company's American depositary shares -- previously priced at $19 apiece, at the high end of the marketed range -- opened at $22.50 and had settled to $21.50 at the market's close.

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