According to business registration records, the LAMI vape brand recently made corporate changes, replacing individual shareholders with a Hong Kong-registered corporate entity. Many industry insiders believe LAMI may be preparing for a U.S. listing. LAMI
According to business registration inquiries, the LAMI electronic cigarette brand has recently undergone a new business change, converting individual shareholders into a company registered in Hong Kong. Many industry insiders believe that LAMI is preparing for an IPO in the United States.
LAMI Technology Limited is registered in Hong Kong. According to the current governance structure for overseas listings, it is necessary to establish a VIE (Variable Interest Entity) structure. Typically, a virtual company is registered in an offshore location such as the Cayman Islands or the Virgin Islands, which then controls the Hong Kong registered company, and the Hong Kong company in turn controls the actual operating entity.
The essence of a VIE is a method for domestic entities to achieve overseas listings, which refers to the separation of the overseas listed entity from the domestic operating entity. The overseas listed entity establishes a wholly-owned subsidiary in the domestic market, which does not actually conduct main business operations but controls the domestic operating entity's business and finances through agreements, making the operating entity a variable interest entity of the listed entity. This arrangement allows the interests of the domestic operating entity to be transferred to the overseas listed entity through control agreements, enabling the shareholders of the overseas listed entity to actually enjoy the benefits generated by the domestic operating entity's operations. These benefits refer to legally operating companies, enterprises, or investments.
Since RELX went public with an estimated valuation of over $30 billion, the competition for the second brand to go public has begun to intensify, with various companies starting an arms race in different aspects. Recently, LAMI launched its HNB product ZERO+, positioning itself in both vaping and HNB dual business lines, and has recently secured tens of millions of dollars in funding from Chaos Investment. Coupled with the adjustment of the company's structure, this has sparked much speculation.
LAMI is also one of the few electronic cigarette brands to have received investment from institutions in recent years. LAMI will participate in the electronic cigarette exhibition hosted by Blue Hole on June 11 in Chongqing, held at the International Convention and Exhibition Center in the Nan'an District of Chongqing. It is said that the CEO of LAMI will also be present at the event, and everyone is welcome to come and learn more if interested.
