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NIO Stock Rises Overnight: DRAM Bet On CXMT Pays Off As Chinese Chipmaker Soars Over 500% In Blockbuster IPO
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NIO stock rose overnight after Chinese chipmaker CXMT soared over 500% in its blockbuster IPO.
NIO received about 18.24 million CXMT shares from its DRAM bet.
The CXMT shares are subject to an 18-month lockup period.
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Rajeev Chandrasekhar / Jupiter Capital interests historically