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SMOORE, VAPORESSO’s Parent, Frist Vaping Billionaires!

West Coast Vape Supply

The vapor products industry is moving forward, growing to new heights, and now one of the world’s largest vaping device providers has become the first vape company listed in Hong Kong. More notably recognized as Vaporesso, its parent company Shenzhen Smoore Technology LTD., has announced an IPO (Initial Public Offering) in Hong Kong, with a total market value of over $21.8 Billion (USD), which is triple the estimated value before the IPO.

IPO Smoore

Smoore submitted the listing application to the Hong Kong Stock Exchange in the name of the holding company “Smoore International Holdings Limited” on December 19, 2019. At 9:30 AM on July 10, 2020, Smoore International (6969.HK) was officially listed on the Hong Kong Stock Exchange.

Leading the market forward with brands under its umbrella that consist of innovative products, the world’s largest manufacturer of vaping equipment constantly aims to improve the status quo and is committed to bringing a unified and complete standard to the entire vaping industry. The listing in Hong Kong has provided Smoore with a strong supporting role in setting the industry benchmark. Hiring more employees in the R&D field than employees in the sales team, it’s obvious the significance Smoore puts on the innovation part.

With 14 years of experience in the field of OEM/ODM, it’s no wonder that, according to Frost & Sullivan, based on 2019 revenue calculations, Smoore accounts for 16.5% of the total market share. Synonymizing with high quality, Smoore has obtained its professionality in heating element technologies, which has been passed down to its sub-brands’ products, giving them the same innovative and safe qualities.

As one of the sub-brands, Vaporesso has inherited Smoore’s spirit and incorporated it into its own mission to be Beyond the Ordinary. With cutting-edge ingenuity, VAPORESSO is dedicated to satisfying its customers with high-quality vaping experiences. VAPORESSO’s products – such as VECO, ZERO, LUXE, and the GEN family – cover the full range of open-system vapes and fulfill the various needs from the vapers.

Guide To Vaping acknowledges Smoore’s achievements and congratulates them on their success. By continuously producing some of the most fascinating devices on the market, we can only predict an upwards trajectory for Smoore and all of the brands under its umbrella.

Blake Brown
Blake Brown

Blake is the owner and creator of the Guide To Vaping blog. He has expressed his passion for the vaping industry through his deeply rooted and highly informative content. Being a writer and content provider for the vaping industry for year's, Blake has also gained experience from working with multiple blogs and well respected companies.

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