A three-year-old e-cigarette company from China went public on the New York Stock Exchange last month. It’s already worth $35 billion.
Founder and CEO Kate Wang speaking at a dinner to honor RELX employees in 2019. She worked at Bain & Company, Uber, and Didi Chuxing before branching out into the e-cigarette market. Credit: RELX
RELX Technology was founded in 2018 to tap into a smoking-hot business possibility in China: e-cigarettes. Last month, after becoming the most popular branded e-cigarette company in China in just three years, the company raised $1.4 billion in an initial public offering on the New York Stock Exchange.
Shares of the company jumped 86 percent on the first day of trading, giving RELX a market capitalization of more than $38 billion and making it instantly one of the world's most valuable e
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