Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Full Truck Alliance Co. Ltd. and Encourages Investors to Contact the Firm Before September 10, 2021

NEW YORK, Jul 16, 2021 – (BUSINESS WIRE) – Law firm Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Eastern Borough of New York on behalf of those who acquired Full Truck Alliance Co . Ltd. (“FTA” or the “Company”) (NYSE: YMM) American Depositary Shares (“ADSs”) from June 19, 2021 through July 12, 2021 (the “Collection Period”). Investors have until September 10, 2021 to apply to the court for appointment as the lead plaintiff in the proceedings.

On or about June 22, 2021, during its initial public offering (the “IPO”), FTA sold approximately 82.5 million ADS for $ 19 per share, raising nearly $ 1.6 billion in new capital.

On July 5, 2021, FTA reported that the company had undergone a review by the Cyberspace Administration of China and that “FTA’s Yunmanman apps and Huochebang apps … will have to suspend new user registration in China during the review period.”

In light of this news, the company’s ADS price fell $ 1.27 per ADS, or about 6.7%, from $ 19.02 per ADS on July 2, 2021, and closed at $ 17.75 on July 6, 2021 per ADS, which is around 6.6% below the IPO price. thereby hurt the investors.

If you have purchased or otherwise acquired FTA ADSs, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, via email at research @ kmllp. com or by completing this contact form to discuss your rights or interests in relation to these matters at no cost to you.

Kirby McInerney LLP is a New York based law firm focused on securities, antitrust, whistleblower and consumer disputes. The company’s efforts on behalf of shareholders in securities disputes have resulted in total recoveries of billions of dollars. For more information about the company, please visit the Kirby McInerney LLP website: http://www.kmllp.com.

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This press release may be viewed as a solicitation in some jurisdictions subject to applicable laws and ethical rules.

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contacts

Kirby McInerney LLP
Thomas W. Elrod, Esq.
212-371-6600
https://www.kmllp.com
[email protected]