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PRESS RELEASE: Paid content from Globe Newswire
Press release content from Globe Newswire. The AP news staff was not involved in its creation.

Portnoy Law: Lawsuit Filed On Behalf of Full Truck Alliance Co. Ltd. Investors

July 13, 2021 GMT

Click here to join the case

LOS ANGELES, July 13, 2021 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises investors that a class action lawsuit has been filed on behalf of Full Truck Alliance Co. Ltd. (“FTA” or “the Company”) (NYSE : YMM) investors that acquired securities in connection with FTA’s June 2021 initial public offering.

Investors are encouraged to contact attorney Lesley F. Portnoy, to determine eligibility to participate in this action, by phone 310-692-8883 or email, or click here to join the case.

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On or about June 22, 2021, FTA sold about 82.5 million American Depositary Shares in relation to its initial public offering at $19 per share, raising nearly $1.6 billion in new capital in the process. FTA reported on July 5, 2021 that the Company was subject to a review by the Cyberspace Administration of China and that “FTA’s Yunmanman apps and Huochebang apps . . . are required to suspend new user registration in China during the review period.” During intraday trading on July 6, 2021, FTA’s ADS price fell as much as $3.27 per share, or 17.19%, on this news, to as low as $15.75 per share, which is below the IPO price, thereby injuring investors further.

Please visit our website to review more information and submit your transaction information.

The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com  

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