RLX’s shares opened at $22.34, well above their initial public offering price of $12 per share. Shares were up 58% in early trade on the New York Stock Exchange.
RLX’s debut comes at a time of heightened scrutiny of Chinese listings from the U.S. government. Former U.S. President Donald Trump signed legislation last month to delist Chinese companies that do not adhere to American auditing standards.
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Jessica Alba's Honest Co valued at nearly $2 bln in strong market debutJessica Alba's consumer goods company Honest Co (HNST.O) was valued at $1.92 billion in its Nasdaq debut, after its shares opened 33% above their offer price on Wednesday. It's boring to sit at home alone, looking for someone to spend time with
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