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First Vapor Company Goes Public On The London Stock Market

First Vapor Company Goes Public On The London Stock Market

 

British e-liquid firm Supreme is taking their company to the next level by cashing in on the expanding vapor boom and listing its shares on the London Stock Exchange. This marks the first time a British vapor company has offered public trading of its ownership shares, according to a report in the Guardian.


Manchester-based Supreme owns a number of popular British e-liquid brands including KiK and 88vape, and is expected to be worth £150 million (about $208 million) on the Exchange's Alternative Investment Market, a junior trading space for smaller companies similar to US "pink sheets," sometime in May.


In the United States, there are no true vapor companies listed on the New York Stock Exchange or NASDAQ, the nation's major marketplaces. That being said, marijuana firm Vape Holdings and Big Tobacco-owned companies like Altria (sister company to British Philip Morris International and the force behind e-cigarette company MarkTen) have accounts on the NYSE.


Supreme


Supreme is owned by multi-millionaire Sandy Chadha - a non-smoker, non-vaper who inherited the company from his father who set up the company in 1975 with the original business venture being the resale of toys imported from Asia before moving to batteries.    


The company makes more than 130,000 bottles of e-liquid a day along with reselling hardware kits, vaping accessories, light bulbs, and 200 million batteries in the past year. Approximately 60 percent of their business is now reportedly comprised of vapor products. They supply to retailers and wholesalers throughout the nation.


“Over the last two decades we have established Supreme as a leading manufacturer and distributor of batteries and lighting, and more recently vaping, demonstrating our ability to leverage our extensive distributor and customer relationships to drive growth,” Chandha said.


Last year, Chandha made headlines when he made good ten-year-old bet, according to a report in This Is Money. In 2007, he bet his $130,000 Bentley Flying Spur against Iain Johnston on the success of the then-failing vapor company KiK. Chandha was, at the time, considering buying the company but was not convinced that it would turn around. But Johnston, a savvy investor, bet the luxury car that the business would turn around, and Chandha bought the company. Ten years and millions in profit later, Chandha searched him down on Linkedin and gave him the car.


Stock Market


By and large, the e-cigarette markets in New York and London are still dominated by Big Tobacco companies, although with more Big Tobacco companies buying up vapor-specific brands, the stock market seems poised to include more vapor offerings at least inavertently.


On the other hand, moves like these don't portend to bode well with vapor culture, which prides itself on supporting small businesses and vapor-centric companies by specifically excluding Big Tobacco entries. With the state of the vapor market constantly in flux, we'll just have to wait to see how this pans out...




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