American depositary receipts of Nio Inc. NIO, +45.39% jumped 35% in midday trading Thursday, a day after their debut on the New York Stock Exchange. Nio priced its initial public offering late Tuesday at $6.25, the low end of its expected range, to raise $1 billion, and traded as low as $5.35 Wednesday before recouping losses to end at $6.60. The ADRs traded as high as $9.77 on Thursday.
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