Deals
China E-Cigarette Firm Relx Technology Picks Citi For U.S. IPO
- Shenzhen-based company seeks to raise as much as $1 billion
- Relx Technology counts IDG and Sequoia Capital among backers
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Chinese e-cigarette maker Relx Technology has picked Citigroup Inc. for its planned initial public offering in the U.S., people with knowledge of the matter said.
The Shenzhen-based company, which counts Sequoia Capital among its backers, is seeking to raise as much as $1 billion in a share sale next year, said the people, who asked not to be identified as the information is private. Relx Technology may add more banks at a later stage, according to one of the people.