RLX Technology Adopts $500M Stock Buyback Program

RLX Technology Adopts $500M Stock Buyback Program
  • RLX Technology Inc RLX board of directors has authorized a share repurchase program for up to $500 million of its shares.
  • The company plans to make the buyback over a period until December 31, 2023.
  • RLX Technology expects to fund the repurchases out of its existing cash balance.
  • It held $2.28 billion in cash and equivalents as of September 30, 2021.
  • Price Action: RLX shares are trading higher by 24.2% at $4.859 on the last check Wednesday.

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