UPDATE 3-China's Pangda shares plunge 23 pct on Shanghai debut


* Pangda's share drop reflects weak market sentiment, auto market * Investors find it hard to evaluate China's 1st car dealer IPO-analyst * Companies raise $16.9 bln in Shanghai, Shenzhen ytd vs $4.2 bln in HK (Updates with closing share price, graphic on top IPOs) By Fang Yan and Ai Peng Soo SHANGHAI, April 28 (Reuters) - Shares of Chinese car dealer Pangda Automobile Trade Co Ltd , which raised nearly $1 billion in an IPO, fell 23 percent on their trading debut in Shanghai on ...

Premium Content (PAID Subscription Required)

"UPDATE 3-China's Pangda shares plunge 23 pct on Shanghai debut" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622

Current subscribers, please login or CLICK for support information.

Already registered? here.
WardsAuto Blogs
Jul 11, 2014

Vintage Car Owners Line Up for Fuel

“This is the greatest day ever!” declares Thomas Semaan, whose ’80 Chevrolet Corvette Stingray fueled up for a mere $8.60 instead of the $38 he would have paid for the same amount in today’s dollars....More
Jul 11, 2014

Tesla Salespeople Would Make Great Museum Curators

The automaker’s salespeople do a couple of things right but enough wrong to finish dead last in a mystery-shopping study....More
Jul 10, 2014

Barra Driving Change at GM

Under CEO Mary Barra, GM is the only one stepping up to change the conversation and fix the long-broken mechanisms for protecting consumers from potentially dangerous vehicle defects and compensating victims....More

Sponsored Introduction Continue on to (or wait seconds) ×