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E-cigarette maker RLX Tech covers $1.2bn IPO
Chinese e-cigarette manufacturer RLX Technology has drawn enough early demand to well oversubscribe its US IPO worth up to $1.16bn, according to a source familiar with the matter.
The company is floating 116.5m American depository shares (ADS) on the New York Stock Exchange. Each ADS, which represents one class A ordinary share, is on sale at $8.00 to $10.00.
Lead underwriter Citi, working with China Renaissance, launched bookbuilding for the listing on January 15 and is ...Already a subscriber? Login
