23-04-2023, 06:47 PM
https://seekingalpha.com/news/3958254-u-...hares-at-6
U Power surges 1,150% intraday in its market debut (update)
Chinese EV battery-swapping tech developer U Power (NASDAQ:UCAR) jumped more than 1,100% intraday Thursday in the stock's first session following an initial public offering.
Shares rose to as high as $75 -- up 1,150% from UCAR's $6 IPO price -- before pulling back to end the session at $43.18. U Power (UCAR) ultimately closed 619.7% above its IPO price, but 42.4% below its $75 intraday peak.
U Power surges 1,150% intraday in its market debut (update)
Chinese EV battery-swapping tech developer U Power (NASDAQ:UCAR) jumped more than 1,100% intraday Thursday in the stock's first session following an initial public offering.
Shares rose to as high as $75 -- up 1,150% from UCAR's $6 IPO price -- before pulling back to end the session at $43.18. U Power (UCAR) ultimately closed 619.7% above its IPO price, but 42.4% below its $75 intraday peak.