Le Lézard
Classified in: Business
Subject: ATY

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of RLX Technology Inc. - RLX

NEW YORK, July 28, 2021 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of RLX Technology Inc. ("RLX" or the "Company") (NYSE: RLX). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether RLX and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

In January 2021, RLX conducted its initial public offering ("IPO"), selling approximately 116.5 million American Depositary Shares, priced at $12.00 per ADS, for gross proceeds of nearly $1.4 billion. Then, on or around March 22, 2021, China's Ministry of Industry and Information Technology posted draft regulations confirming that e-cigarettes and new tobacco products, including RLX's own product offerings, would be regulated similarly to traditional tobacco offerings.

On this news, RLX's stock price fell $9.31 per share, or 47.84%, to close at $10.15 per share on March 22, 2021.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

Robert S. Willoughby
Pomerantz LLP
888-476-6529 ext. 7980

SOURCE Pomerantz LLP

These press releases may also interest you

at 10:21
Purcell Julie & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim involving the board of directors of Driven Brands Holdings Inc. . If you are a...

at 10:21
CryptoStar Corp. ("CryptoStar" or the "Company"), a cryptocurrency mining and data centre operator, is pleased to announce that the Company and a Canadian based company (the "Alberta Customer") have executed an equipment hosting agreement (the...

at 10:10
Chandler Innovations, the city's business incubation and entrepreneurial development program, is proud to celebrate one of its company's scaling successes. Skynetwest, a UAS (unmanned aerial systems) service provider based in Chandler, Arizona,...

at 10:05
Schlumberger Limited will hold a conference call on October 22, 2021 to discuss the results for the third quarter ending September 30, 2021. The conference call is scheduled to begin at 9:30 am US Eastern time and a press release regarding the...

at 10:05
Florida Realtors® has been named as one of the "Top Workplaces" in Central Florida. The Orlando Sentinel operates the "Top...

at 10:05
Intellectual property will become increasingly important to partners and investors in blockchain projects as competition grows and regulation increases. Regulation will raise project costs and lengthen launch times, making intellectual property...

News published on 28 july 2021 at 22:33 and distributed by: