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RLX Technology Priced, NYSE: RLX

Leading e-cigarette brand in China.

Industry: Consumer Staples

Latest Trade: $3.66 0.00 (0.0%)

First Day Return: +145.9%

Return from IPO: -69.5%

Industry: Consumer Staples

Our mission is to make RELX a trusted brand for adult smokers through state-of-the-art products, industry-leading technologies and scientific advances in collaboration with talented and committed people around the globe. We are the No. 1 branded e-vapor company in China, capturing 48.0% and 62.6% of the market share of closed-system e-vapor products in terms of retail sales value in 2019 and the nine months ended September 30, 2020, respectively. We have launched five series of rechargeable closed-system e-vapor products, and we deeply engage in the key activities in the e-vapor industry, from scientific research, technology and product development, supply chain management, to offline distribution. We partner with 110 authorized distributors to supply our products to over 5,000 RELX Branded Partner Stores and over 100,000 other retail outlets nationwide, covering over 250 cities in China. China's e-vapor market is expected to grow at a CAGR of 65.9% from 2019 to 2023. Our net revenues increased from RMB133 million in 2018 to RMB1,549 million ($228 million) in 2019, and RMB2,201 million ($324 million) in the first nine months of 2020.
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IPO News for RLX Technology
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IPO Data
IPO File Date 12/31/2020
Offer Price $12.00
Price Range $8.00 - $10.00
Offer Shares (mm) 116.5
Deal Size ($mm) $1,398
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 01/21/2021
Offer Price $12.00
Price Range $8.00 - $10.00
Offer Shares (mm) 116.5
Deal Size ($mm) $1,398
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Beijing, China
Founded 2018
Employees 661
Website www.relxtech.com