Truck app company's NYSE IPO makes a big splash

Debuting shares of Full Truck Alliance Co Ltd, which operates a truck-sharing app in China, made a splash on the New York Stock Exchange on Tuesday with a surge of more than 13 percent from their offer price of $19, the top of the $17-$19 range.

Known as Manbang in Chinese, Full Truck Alliance's app connects fleets of driver-armed trucks with merchants that require shipping of their goods.

With its offer of 82.5 million American depositary shares (ADS), the company sought to raise nearly $1.6 billion from one of this year's largest IPOs in the United States by a Chinese firm. One ADS equals 20 ordinary shares.