Recent IPOs Review: Are Chinese Auto Companies Playing Fair?
Delphi Automotive PLC (NYSE:DLPH): Chinese auto parts makers have been rapidly gaining ground on their American counterparts in recent years, and several members of Congress – along with the United Steel Workers and United Auto Workers unions -are asking the president to investigate the Chinese companies for unfair trade practices, according to Politico.
The shares closed at $28.59, up $1.76, or 6.56% on the day. The stock is $6.59 or 29.95% higher than IPO price of $22.00.
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