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 company before September 10, 2021
NEW YORK, July 20, 2021 (GLOBE NEWSWIRE) – Law firm Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in U.S. District Court for the Eastern District of New York on behalf of those who acquired Full Truck Alliance Co. Ltd. (“FTA” or the “Company”) (NYSE: YMM) American Depositary Shares (“ADS”) from June 19, 2021 to July 12, 2021 inclusive (the “Recourse Period”). Investors have until September 10, 2021 to ask the court to be named lead plaintiffs in the lawsuit.
In June 2021, FTA sold approximately 82.5 million ADS during its initial public offering (the “IPO”) for $ 19 per share, raising nearly $ 1.6 billion in new capital.
On July 5, 2021, FTA reported that the company was under review by the Cyberspace Administration of China and that “FTA’s Yunmanman and Huochebang applications. . . are required to suspend registration of new users in China during the review period.
On this news, the Company’s ADS price fell by $ 1.27 per ADS, or approximately 6.7%, from $ 19.02 per ADS on July 2, 2021 to $ 17.75 per ADS on July 6, 2021. , or about 6.6% below the IPO price, hurting investors.
If you have purchased or acquired ADS FTA, have any information or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at email@example.com, or by completing this contact form, to discuss your rights or interests in these matters at no cost to you.
Kirby McInerney LLP is a New York-based law firm specializing in securities, antitrust, whistleblower and consumer litigation. The company’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm is available on the Kirby McInerney LLP website: http://www.kmllp.com.
This press release may be considered an attorney’s advertisement in certain jurisdictions under applicable law and ethical rules.
Kirby McInerney LLP
Thomas W. Elrod, Esq.