- Shares of NIO (NYSE:NIO) pop 28% to $8.44 in a huge breakout from yesterday's trading range.
- NIO almost hit double digits with a run to $9.77 before falling back a bit.
- It's unclear what brought in the rush of buy orders today after trade concerns, yuan worries and NIO's lack of sales volume led to an underwhelming start to the IPO launch.
- "We had actually a healthy book and then some orders got pulled or reduced because of market conditions,” NIO Chief Financial Officer Louis Hsi said in an interview.