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RLX TECHNOLOGY INC.

(RLX)
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RLX Investor Alert: Bronstein, Gewirtz & Grossman, LLC Notifies RLX Technology, Inc. Investors of Class Action and Encourages Investors to Contact the Firm

06/17/2021 | 11:02am EDT

Attorney Advertising-- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against RLX Technology, Inc. ("RLX" or "the Company") (NYSE: RLX) and certain of its directors, officers, and underwriters on behalf of shareholders who purchased or otherwise acquired RLX American Depository Shares ("ADS") pursuant or traceable to RLX's January 2021 initial public stock offering (the "IPO" or the "Offering"). Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com/rlx.

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose that the Registration Statement used to effectuate the Company's IPO misstated and/or omitted facts concerning its then-existing exposure to China's ongoing campaign to establish a national standard for e-cigarettes, which would bring them into line with ordinary cigarette regulations, and that RLX's reported financials were not nearly as robust as the offering materials projected, nor were they indicative of future results. The complaint alleges that as a result, investors purchased RLX shares at artificially inflated prices.

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm’s site: www.bgandg.com/rlx or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in RLX you have until August 9, 2021 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.


ę Business Wire 2021
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Financials
Sales 2021 10 845 M 1 680 M 1 680 M
Net income 2021 2 659 M 412 M 412 M
Net Debt 2021 - - -
P/E ratio 2021 16,3x
Yield 2021 -
Capitalization 45 332 M 7 021 M 7 022 M
Capi. / Sales 2021 4,18x
Capi. / Sales 2022 2,88x
Nbr of Employees 725
Free-Float 60,6%
Chart RLX TECHNOLOGY INC.
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Technical analysis trends RLX TECHNOLOGY INC.
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Last Close Price 28,86 CNY
Average target price 137,81 CNY
Spread / Average Target 378%
EPS Revisions
Managers and Directors
Ying Wang Chairman & Chief Executive Officer
Chao Lu Chief Financial Officer
Zhenjing Zhu Independent Director
You Min Xi Independent Director
Long Jiang Director
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