Chinese vaping firm RLX raises $1.4 billion in U.S. IPO – sources

By Chibuike Oguh, Echo Wang and Scott Murdoch (Reuters) – Chinese vaping firm RLX Technology Inc sold shares in its U.S. initial public offering (IPO) on Thursday at $12 a piece, above its target range, to raise $1.4 billion, according to three sources with direct knowledge of the matter. The IPO values Beijing-based RLX at $18.6 billion. The company had set an initial target price range of $8-$10 per share for a sale of around 116.5 million shares. RLX did not respond to a request for comment and the sources could not be named as the information had not yet…