Autohome IPO Supercharged By China Car Market Growth
Autohome (ATHM) stock soared more than 75% in its IPO Wednesday, one of several successful China-based companies to come public recently. Autohome says it’s the leading online destination for auto consumers in China through its two websites, Autohome.com.cn and che168.com. Autohome raised $133 million by offering 7.8 million shares at $17, above the upwardly revised range. Autohome stock opened at 30.16 and was trading a fraction below that