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Autohome (ATHM), China’s No. 1 online car sales site, saw its stock sink Wednesday after the company reported much higher operating expenses in Q3 and announced that it would offer new shares. The Beijing-based Web company announced that it would file a registration statement for a public offering of 1.65 million American depositary receipts, also called American depositary shares or ADSs. “The proposed offering is expected to provide for greater Scalper1 News
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