SHAREHOLDER ALERT: Robbins LLP Announces that RLX Technology Inc. (RLX) is Being Sued for Misleading Shareholders
SAN DIEGO & NEW YORK–(BUSINESS WIRE)–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.”
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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…