Deals
Chinese Vaping Firm Weighs $500 Million Hong Kong IPO
- Company behind Smok brand taps adviser for potential listing
- Shenzhen-based device maker targets going public next year
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Shenzhen IVPS Technology Co., the firm behind e-cigarette device brand Smok, is considering an initial public offering to raise at least $500 million in Hong Kong as soon as next year, people with knowledge of the matter said.
The vaping device maker is working with an adviser to prepare for the potential share sale, said the people, who asked not to be identified as the information is private. The offering could raise between $500 million and $1 billion, the people said.