IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

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Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Equity Capital Markets

RLX Technology Inc / Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/rlx-technology-inc" target="_blank" data-smartkarma-citation="entities:31113:1" rel="noopener">RLX Technology Inc (RLX US)</a> is the leading branded e-vapour company in China with 62.6% of the market share of closed-system e-vapour products as measured by retail sales value in 9M20, according to CIC. It is backed by Sequoia Capital, a 4.9% shareholder. It is seeking is raise as much as $1 billion through an NYSE IPO (it has filed with a $100 million placeholder raise), according to press reports.</p><div class="content-highlight"><p>RLX is a play on the rapid growth of the e-vapour market in China which is dominated by closed-system products, which accounted for 74.1% of the e-vapour market by retail sales value in 2019, according to CIC. China’s closed-system e-vapour market is forecasted to grow at a CAGR of 77.5% from 2019 to 2023 to reach $11.0 billion in 2023, according to CIC. While regulatory uncertainty will remain an overhang, RLX is an attractive play on this secular growth trend.</p></div>

RLX Technology Inc (RLX US) is the leading branded e-vapour company in China with 62.6% of the market share of closed-system e-vapour products as measured by retail sales value in 9M20, according to CIC. It is backed by Sequoia Capital, a 4.9% shareholder. It is seeking is raise as much as $1 billion through an NYSE IPO (it has filed with a $100 million placeholder raise), according to press reports.RLX is a play on the rapid growth of the e-vapour market in China which is dominated by closed-system products, which accounted for 74.1% of the e-vapour market by retail sales value in 2019, according to CIC. China’s closed-system e-vapour market is forecasted to grow at a CAGR of 77.5% from 2019 to 2023 to reach $11.0 billion in 2023, according to CIC. While regulatory uncertainty will remain an overhang, RLX is an attractive play on this secular growth trend.

RLX Technology IPO Initiation: Smoke Signals

United States

RLX Technology Inc. operates as an e-vapor company. The Company offers product development, research, supply chain management, and offline distribution services. RLX Technology serves customers in the United States.

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RLX Technology IPO Initiation: Smoke Signals

RLX is seeking is raise as much as $1 billion through an NYSE IPO, according to press reports. Overall, RLX is an attractive play on this secular...

Arun George