Filed dealers under US : BYD RAISES $219 MILLION IN CHINA IPO
Chinese automaker BYD lifted a less-than-stellar 1.42 billion yuan ($ 219 million U.S. during a stream sell rate) in a primary open charity in Shenzhen, China late final week. Analysts contend which BYD’s IPO was weighed down by diseased financier view as well as worries over a automaker’s bad performance.
In a matter expelled to a Shenzhen Stock Exchange upon Sunday, BYD voiced which it had labelled a IPO during eighteen yuan ($ 2.78 USD) per share as well as had primarily set a sights upon raising 2.19 billion yuan ($ 338 million USD). BYD sole 79 million shares in a IPO as well as will operate deduction from a sale to account a lithium-ion battery project, supplement to investigate as well as growth as well as enhance a automotive unit.
Over a past 3 years, Shenzhen-based BYD attempted to lapse to a batch marketplace as well as eventually perceived capitulation from a China Securities Regulatory Commission in May. The automaker has struggled as of late, with sales disappearing given a second half of 2010.
Chinese automaker BYD lifted a less-than-stellar 1.42 billion yuan ($ 219 million U.S. during a stream sell rate) in a primary open charity in Shenzhen, China late final week. Analysts contend which BYD’s IPO was weighed down by diseased financier view as well as worries over a automaker’s bad performance.
In a matter expelled to a Shenzhen Stock Exchange upon Sunday, BYD voiced which it had labelled a IPO during eighteen yuan ($ 2.78 USD) per share as well as had primarily set a sights upon raising 2.19 billion yuan ($ 338 million USD). BYD sole 79 million shares in a IPO as well as will operate deduction from a sale to account a lithium-ion battery project, supplement to investigate as well as growth as well as enhance a automotive unit.
Over a past 3 years, Shenzhen-based BYD attempted to lapse to a batch marketplace as well as eventually perceived capitulation from a China Securities Regulatory Commission in May. The automaker has struggled as of late, with sales disappearing given a second half of 2010.
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