RELX has soared by more than 140% on its first day of listing, and many e-cigarette concept stocks have daily limit
it skyrocketed by more than 104% at the opening. It rose 145.92% to US$29.51, with a total market value of US$45.83 billion. Investors' favor of this upstart e-cigarette also pushed up the wealth of its founder. According to the prospectus, Wang Ying, the founder and actual controller of RELX, holds 58.7% of the shares. According to the latest total market value, Wang Ying's net worth has soared to 26.9 billion US dollars, or about 174.1 billion yuan. According to the prospectus, according to the CIC report, RELX is the number one e-cigarette brand in China. In terms of retail sales, in 2019 and the first three quarters of 2020, RELX accounted for 48.0% and 62.6 of the market share of closed-system electronic atomization products, respectively. %. Engaged in high-margin tobacco-related businesses, RELX’s profitability is not bad. In the first three quarters of 2020, RELX’s gross profit was 833.4 million yuan, an increase of 81.37% year-on-year, and the gross profit margin w