Juul brand vape cartridges are pictured for sale at a shop in Atlanta, Georgia, U.S., September 26, 2019.
REUTERS/Elijah Nouvelage//File PhotoAug 2 (Reuters) - E-cigarette maker Juul Labs is seeking to raise about $1 billion in a fundraising effort, Bloomberg News reported on Wednesday, citing people familiar with the matter.
Juul is working with Jefferies Financial Group Inc (JEF.N) for the fundraising, the report said, adding that the e-cigarette manufacturer had about $800 million in revenue in 2022.
Juul and Jefferies did not immediately respond to Reuters' request for comment.
Reporting by Gursimran Kaur in Bengaluru; Editing by Sonia CheemaOur Standards: The Thomson Reuters Trust Principles.
Persons:
Elijah Nouvelage, Juul, Jefferies, Gursimran Kaur, Sonia Cheema
Organizations:
REUTERS, Juul, Bloomberg, Jefferies, Group Inc, Reuters, Thomson
Locations:
Atlanta , Georgia, U.S, Marlboro, Altria, Bengaluru