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NIO Makes Strategic Investment of 158 Million Yuan in CXMT, with Li Bin Present at Appreciation Dinner
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Author：小编
On July 27, CXMT made its official debut on the STAR Market of the Shanghai Stock Exchange, marking the largest Initial Public Offering (IPO) in the history of the STAR Market. On its first trading day, the company's stock price soared by 471.59%, opening at 49.50 yuan per share and achieving a total market capitalization of 3.31 trillion yuan. NIO strategically invested 158 million yuan by participating in CXMT's IPO strategic placement, securing a 0.27% stake in the company. On the evening of the 26th, CXMT hosted an appreciation dinner in Shanghai to celebrate its listing, which was attended by NIO's founder, Li Bin.
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