Use wechat scan QR code < / P > < p > to share with friends and circle of friends < / P > < p > < a target = "_ blank" href=" https://news.163.com/news/search?keyword=%E4%B8%AD%E5%9B%BD "> China < / a > largest < a target ="_ blank" href=" https://news.163.com/news/search?keyword=%E7%94%B5%E5%AD%90%E7%83%9F "> e-cigarette < / a > manufacturer and the main company of Yueke, a well-known e-cigarette brand, mistcore technology officially landed on the New York Stock Exchange on Friday. The intraday maximum was close to US $31, with the biggest increase of 158% in the day. Finally, it closed up about 145.92% to us $29.51, with a market value of US $45.8 billion (about 296.8 billion RMB). < / P > < p > < / P > < p > < strong > become the industry leader in three years_ blank" href=" https://news.163.com/news/search?keyword=%E4%B8%8A%E5%B8%82 "> Listing < / a > the offering price is set at $12, which is 8-10 US dollars higher than the offering price guidance range. According to the estimated issue price, Yueke raised nearly $1.4 billion by issuing $116.5 million of American Depository shares. < / P > < p > it is worth mentioning that Wuxin technology is also the first Chinese concept stock listed in the United States and the New York Stock Exchange in 2021. The review said that the listing of Wuxin technology reflects the continuous demand of investors for China concept stocks, and is also the performance that investors are optimistic that China will become the world's largest e-cigarette market. < / P > < p > Wuxin technology was founded in early 2018 with Wang Ying, the former head of Uber China, as the CEO. Fog core technology is the largest electronic atomization brand in China. It has launched different types of products including first generation, alpha, LingDian, infinity and mirage. < p > < p > according to CIC report, as of September 30, 2020, fog core technology has occupied 62.6% of the domestic closed electronic cigarette market. The sales network of Wuxin technology covers more than 250 cities in China, with more than 110 authorized dealers and more than 5000 brand stores. According to CIC's retail sales value, China's e-cigarette market will reach US $1.5 billion in 2019 and US $11.3 billion in 2023, with a compound annual growth rate of 65.9% in four years. According to the CIC report, in 2019, there were 286.7 million adult smokers in China. In the same year, the penetration rate of domestic e-cigarette products was only 1.2%, while that of the United States was 32.4%. < / P > < p > according to the CIC report, since its establishment in 2018, fog core technology has invested in scientific research, and the company's physical and chemical laboratory has passed CNAs certification, mainly for the safety assessment and research of electronic aerosol and aerosol. The company also established a life science laboratory, which is also the first life science laboratory in China's electronic atomization industry. < / P > < p > < strong > revenue of 2.2 billion in the first nine months of 2020 < / strong > < / P > < p > < strong > < a target = "_ blank" href=" https://news.163.com/news/search?keyword=%E7%BA%A2%E6%9D%89 "> Sequoia < / a > China as a shareholder < / strong > < / P > < p > according to the prospectus, the revenue of Wuxin technology in 2018 and 2019 were 133 million yuan and 1549 million yuan respectively (about 228 million US dollars); the revenue of Wuxin technology in the first nine months of 2020 was 2.2 billion yuan (about 324 million US dollars), and the revenue in the same period of last year was 1139 million yuan. < / P > < p > the net profit of Wuxin technology in 2018 and 2019 was - 287000 yuan and 47.75 million yuan respectively; the net profit of Wuxin technology in the first nine months of 2020 was 109 million yuan (about 16 million US dollars), and the net profit in the same period of last year was 98.05 million yuan. In the first nine months of 2020, the adjusted net profit of Wuxin technology was 380 million yuan (about 56.21 million US dollars), which was 142 million yuan in the same period of last year. < / P > < p > as of September 30, 2020, the cash generated by Wuxin technology in its activities is 1.3 billion yuan (about US $191 million), and the total restricted cash of cash and cash equivalents held by Wuxin technology is 546 million yuan. < / P > < p > according to qixinbao, in 2018, the angel round financing investors of Wuxin technology were source capital, IDG and Sequoia China, with a financing amount of RMB 38 million. In terms of equity structure, CEO Wang Ying < a target = "_ blank" href=" https://news.163.com/news/search?keyword=%E6%8C%81%E8%82%A1 "> the shareholding ratio of < / a > is 58.7%, the two founders Jiang long and Wen Yilong hold 9.9% and 6.5% respectively; the shareholding ratio of source capital is 10.7%, and that of Sequoia China is 4.9%. < / P > < p > < strong > Edit < / strong > < strong > Edit < / strong > he Xiaotao Wang Jiaqi < / P > < p > < strong > proofread < / strong > SUN Zhicheng < / P > < p >