Vaping Company First Major Chinese Listing on U.S. Markets This Year The maker of the RELX brand of vape pens and e-cigarettes - the market leader in China - hopes to take the company global.
Jan 22, 2021 | 09:00 AM EST
Shares in the first major Chinese IPO in the United States this year should start trading today, offering access to the international market for vaping products.
RLX Technology is raising US$1.4 billion by selling shares at US$12, according to Reuters, above its initial target range of US$8 to US$10.
The shares are due to start trading on the New York Stock Exchange today under the ticker RLX.
SEC/CORPORATE - Holding Foreign Companies Accountable Act Signed Into Law by President Trump - In December 2020, President Donald Trump signed into law the H.
President Trump recently signed into law the Holding Foreign Companies Accountable Act, which aims to increase oversight of Chinese companies listed on US stock exchanges and force the delisting of those that refuse to comply with US audit inspection requirements. This bipartisan legislation was motivated by longstanding US frustrations over China precluding inspections of locally conducted audits of Chinese companies.