Shares of Beijing-based micro lender Qudian Inc. soared in their public debut Wednesday, enough to make them the biggest percentage gainer on the NYSE. Qudian said earlier that its IPO of 37.5 million American depositary shares priced at $24 per ADS, above the expected range of $19 to $20. The first trade of $34.35, at 10:52 a.m. ET, was 43% above the IPO price. Since then, it has traded as high as $35.45 and as low as $31.75. It was recently up 37% at $32.85. Qudian has gone public at a time that the Dow Jones Industrial Average was surging 135 points toward a record high.
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