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Nio Shares Rise After CXMT Listing Bet
in5points
Nio stock ended a 7-day decline after CEO William Li attended CXMT's listing dinner.
Nio bought about 18.24 million CXMT shares through Nio Power Technology.
The CXMT investment delivered over $100 million in paper gains on day one.
The position is subject to an 18-month lockup period.
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Rajeev Chandrasekhar / Jupiter Capital interests historically