Shares of EV maker Phoenix Motor Inc. (PEV) are continuing the rally on the second day today with more than 35% rise to $7.96.
The company started trading on the Nasdaq recently on June 8 at an opening price of $6.50.
Wednesday, financial services company ATIF Holdings Limited (ATIF) said it had participated in the IPO.
"We routinely work with entrepreneurs and up-and-coming companies with compelling technologies. We believe that Phoenix Motor brings a unique value proposition to ATIF and its shareholders," commented Jun Liu, President, Chairman of the Board, and CEO of ATIF.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.