Skip to content
Subscriber Only

China Vaping Firm More Than Doubles in Trading Debut

  • China’s biggest e-cigarette maker reaches $46 billion value
  • Listing shows demand despite Washington-Beijing rift
A counter selling Relx e-cigarettes in Beijing, China. 

A counter selling Relx e-cigarettes in Beijing, China. 

Source: VGC/Getty Images

Corrected

Chinese e-cigarette maker RLX Technology Inc. jumped 146% in its trading debut after raising $1.4 billion in a U.S. initial public offering.

RLX Technology’s American depositary shares closed at $29.51 Friday, giving the company a market value of about $46 billion.