HONG KONG -- E-cigarette maker RLX Technology plans to raise as much as $1.2 billion in an U.S. initial public offering this week as Joe Biden takes office following a string of moves by Washington to discourage investment in Chinese stocks.
"There is a belief the Biden administration may take a softer touch toward regulatory issues," said Andrew Collier, managing director of Hong Kong-based Oriental Capital Research. "That is prompting companies to still go ahead and sell shares in the world's biggest capital market."
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