China’s e-cigarette maker RLX Technology set for IPO
RLX Technology, backed by Sequoia Capital China, is selling 116.5-million American depositary shares at $8 to $10 each, according to a US filing
18 January 2021 - 11:17
Hong Kong — Chinese e-cigarette maker RLX Technology is looking to raise as much as $1.17bn from a US initial public offering (IPO), highlighting how US stock exchanges remain attractive fundraising avenues for mainland firms despite heated tensions between the world’s two biggest economies.
RLX Technology, backed by Sequoia Capital China, is selling 116.5-million American depositary shares (ADS) at $8 to $10 each, according to a US filing. Each ADS represents one ordinary share and will be listed on the New York Stock Exchange...
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