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Re: xgin post# 46

Wednesday, 07/01/2020 12:47:44 PM

Wednesday, July 01, 2020 12:47:44 PM

Post# of 328
The company raised $561 million in its initial public offering after pricing shares at $17. The stock began trading publicly on the Nasdaq in May, surging 18% in its debut. Shares peaked in January at $51.38 but tumbled as the coronavirus outbreak spread in China. The stock plunged in April after Luckin disclosed the fraud.
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