Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

RLX TECHNOLOGY INC.

(RLX)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

SHAREHOLDER ALERT: Robbins LLP Announces that RLX Technology Inc. (RLX) is Being Sued for Misleading Shareholders

06/11/2021 | 03:07pm EDT

Shareholder rights law firm Robbins LLP announces that a class action has been filed on behalf of all purchasers of RLX Technology Inc. (NYSE: RLX) American Depository Shares ("ADS") pursuant or traceable to its January 2021 initial public offering ("IPO"). The complaint asserts claims under the Securities Act of 1933. RLX purports to be the "No. 1 branded e-vapor company in China."

If you suffered a loss due to RLX Technology Inc.'s misconduct, click here.

RLX Technology Inc. (RLX) Made Misstatements Regarding Its Business Prospects

According to the complaint, the Registration Statement contained untrue statements of material fact. Specifically, the Registration Statement omitted RLX's exposure to China's then-existing campaign to establish a national standard for e-cigarettes that would bring them in line with regular cigarette regulations by expressly distancing itself and its products from falling under the administration of China's tobacco monopoly system. The Registration Statement also touted that it expected "to continue to be, benefitting from the rapid growth of China's e-vapor market," while overstating its financial prospects in light of the pending regulations for e-cigarettes.

RLX's shares fell nearly 48% on March 22, 2021, when the Ministry of Industry and Information Technology posted its draft regulations, which confirmed e-cigarettes and new tobacco products would be regulated similar to traditional tobacco offerings. RLX's shares fell again when it published its first quarter 2021 financial results on June 2, 2021, closing at $9.90 per ADS, down 9% from the prior day.

If you purchased shares of RLX Technology Inc. (RLX) pursuant to its January 2021 IPO, you have until August 9, 2021, to ask the court to appoint you lead plaintiff for the class.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

Contact us to learn more:
Lauren Levi
(800) 350-6003
llevi@robbinsllp.com
Shareholder Information Form

Robbins LLP is a nationally recognized leader in shareholder rights law. To be notified if a class action against RLX Technology Inc. settles or to receive free alerts about companies engaged in wrongdoing, sign up for Stock Watch today.

Attorney Advertising. Past results do not guarantee a similar outcome.


© Business Wire 2021
All news about RLX TECHNOLOGY INC.
03:29pRLX TECHNOLOGY  : ROSEN, A LEADING LAW FIRM, Encourages RLX Technology Inc. Inve..
BU
06/21GLANCY PRONGAY & MURRAY LLP  : Reminds Investors of Looming Deadline in the Clas..
BU
06/18DEADLINE REMINDER : Law Offices of Howard G. Smith Reminds Investors of Looming ..
BU
06/17RLX INVESTOR ALERT : Bronstein, Gewirtz & Grossman, LLC Notifies RLX Technology,..
BU
06/16INVESTOR ALERT : Law Offices of Howard G. Smith Announces the Filing of a Securi..
BU
06/15China's Full Truck Alliance targets over $20 billion valuation in U.S. IPO
RE
06/15TENCENT  : China's Full Truck Alliance targets over $20 bln valuation in U.S. IP..
RE
06/15THE LAW OFFICES OF FRANK R. CRUZ  : Announces the Filing of a Securities Class A..
BU
06/15GLANCY PRONGAY & MURRAY LLP  : a Leading Securities Fraud Law Firm, Announces th..
BU
06/13RLX CLASS ACTION ALERT : Kessler Topaz Meltzer & Check, LLP Announces a Securiti..
BU
More news
Financials
Sales 2021 10 868 M 1 679 M 1 679 M
Net income 2021 2 659 M 411 M 411 M
Net Debt 2021 - - -
P/E ratio 2021 30,8x
Yield 2021 -
Capitalization 85 719 M 13 226 M 13 243 M
Capi. / Sales 2021 7,89x
Capi. / Sales 2022 5,42x
Nbr of Employees 725
Free-Float 69,7%
Chart RLX TECHNOLOGY INC.
Duration : Period :
RLX Technology Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends RLX TECHNOLOGY INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Last Close Price 54,57 CNY
Average target price 137,30 CNY
Spread / Average Target 152%
EPS Revisions
Managers and Directors
NameTitle
Ying Wang Chairman & Chief Executive Officer
Chao Lu Chief Financial Officer
Zhenjing Zhu Independent Director
Mo Yang Independent Director
Long Jiang Director
Sector and Competitors
1st jan.Capitalization (M$)
RLX TECHNOLOGY INC.0.00%13 226
ALTRIA GROUP, INC.15.22%87 424
JAPAN TOBACCO INC.4.64%35 273
ITC LIMITED-1.87%33 947
KT&G CORPORATION0.96%9 163
PT HANJAYA MANDALA SAMPOERNA TBK-25.91%9 043