Shares of Beijing-based green building materials maker ReTo Eco-Solutions Inc. rallied 78% in their trading debut Wednesday, rising almost $4 above their issue price of $5 a share. The company sold 2.8 million shares to raise about $14 million with plans to use the proceeds to buy raw materials, fund R&D, make acquisitions and finance a new plant, among other uses. Shares are trading on Nasdaq, under the ticker symbol ‘RETO.” ViewTrade Securities Inc. was sole bookrunner on the deal. The S&P 500 was down 0.1%.
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