China’s Full Truck Alliance dubbed “Uber for trucks” plans to file IPO in the U.S this week, according to CNBC. The startup is expected to raise as much as $1.5 billion in the listing which values it at between $20-$30 billion.
Referred to as Manbang in China, Full Truck links drivers with people requiring to move goods.
The company generated $1.7 billion in November from financiers who included Tencent and SoftBank.
Full Truck, a merger of Yunmanman and Huochebang truck services in 2017, charges fees to users requiring trucking services and adds a cost on transactions.
