South Locomotive jumps 77 pct in Shanghai debut


(For an expanded IPO diary, please click ) SHANGHAI, Aug 18 (Reuters) - Shares in China South Locomotive rose 77 percent in their Shanghai debut on Monday, buoyed by a low IPO price and the firm's dominant position in China's train manufacturing sector, after it raised $1.5 billion in a scaled-back Hong Kong and Shanghai IPO. Local-currency A shares in China South Locomotive & Rolling Stock Corp , the country's largest train maker, opened at 3.86 yuan versus a Shanghai initial public ...

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