Buffett-backed carmaker BYD raises $219 mln in China IPO

Newswire

* More HK-listed Chinese carmakers plan homecoming * IPO price only a tad higher than BYD HK shares * Sentiment towards Chinese IPOs has weakened lately SHANGHAI, Jun 19 (Reuters) - Warren Buffett-backed Chinese carmaker BYD Co Ltd will raise a less-than-expected 1.42 billion yuan ($219 million) in its initial public offering in Shenzhen, weighed down by weak investor sentiment and worries over its poor performance. BYD had priced the IPO at 18 yuan a share, it said in a statement to ...

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