Vaping firm RELX raises $1.4 billion in IPO
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Shenzhen News (Shenzhen)—Shenzhen e-cigarette maker RELX Technology Inc. has raised $1.4 billion in a US initial public offering, giving the company a market value of about $46 billion. The company, backed by Sequoia Capital China, sold 116.5 million shares for $12 apiece in its trading debut. Citigroup Inc and China Renaissance Holdings Ltd led the…