Chinese firm doesn't know why its stock soared 4,500%
Shares of Wins Finance Holdings, which guarantees loans for small businesses in China, have soared 4,555% since debuting on Nasdaq in 2015. However, the company said it had no idea what drove the surge in its stock. Notably, the firmâs valuation surpassed $9 billion in February, and it was the best performer on Nasdaq Composite Index over the last year.