South Locomotive up over 70 pct in Shanghai debut

Newswire

(For an expanded IPO diary, please click ) (Adds analysts' quotes) By Lu Jianxin SHANGHAI, Aug 18 (Reuters) - China South Locomotive's shares rose more than 70 percent in their Shanghai debut on Monday, buoyed by a low IPO price and the firm's strength in China's train manufacturing sector, after it raised $1.5 billion in a scaled-back Hong Kong and Shanghai IPO. But analysts said the strong performance by China South Locomotive & Rolling Stock Corp's local-currency A shares would ...

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