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Qudian Inc. American Depositary Shares each representing one Class A
Qudian (NYSE:QD) has authorized a program to repurchase up to $200M worth of its outstanding American depositary shares, each representing one Class A ordinary share and/or Class A ordinary shares over the next 24 months starting from June 13, 2022. The company plans to fund the repurchases from its existing cash balance and does not expect the repurchase program to adversely affect its existing business strategies. Shares up 28% PM. On Monday, the company reported Q1 results.