First listed bike-sharing company pedals to victory

Changzhou Youon shares sprint to put on big gains as stock starts trading

Changzhou Youon Public Bicycle System, the nation's first listed bike-sharing company, sprinted ahead and took line honors in its first trading day in Shanghai on Thursday.

Listed on the Shanghai Stock Exchange with an issue price of 26.85 yuan ($4) per share, Changzhou Youon started trading at 32.22 yuan per share on Thursday, and halted trading for the price instantly reached 38.66 yuan, which exceeded the daily price increase limit of 10 percent.