E-cigarette maker Juul Labs Inc, which is facing regulatory scrutiny in the domestic U.S market, has raised $785.2 million in an equity and debt offering as it looks to expand globally, a regulatory filing showed. The company sold convertible debt in a bridge financing which was less time consuming than an equity-financing round, the person familiar with the matter told Reuters. Juul, in which Altria Group Inc has a 35% ownership stake, has been launching its products in international markets like South Korea, Indonesia, and Philippines while facing intense scrutiny from regulators in the U.S. over its e-cigarettes which are widely popular among teenagers.

source https://finance.yahoo.com/news/1-juul-raises-over-750-222755142.html?.tsrc=rss