China's Autohome shares soar over 75% in IPO on US market

China’s automobile information provider Autohome Inc. (ATHM.NYSE) saw its shares soar over 76 percent in its debut on the US stock market on December 11.

Autohome closed at 30.07 US dollars per share on the New York Stock Exchange, up 76.88 percent from its initial public offering (IPO) price.

The company announced on Tuesday (December 10) that it had prices its IPO of 7.82 million American Depositary Shares at 17 dollars apiece with a total offering size of 132.94 million dollars.

(Edited by Olivia, olivia@tireworld.com.cn)