Scalper1 News
Autohome, China’s No. 1 car sales site, early Wednesday reported Q3 results that include much higher operating expenses and said it would offer new shares, putting the brakes on Autohome stock. The Beijing-based company plans to file a registration statement for a public offering of 1.65 million American depositary shares. Existing shareholders will sell another 6.85 million shares, and underwriters have the option to sell an additional 1.275 Scalper1 News
Scalper1 News