<article>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.</article>

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.
A person familiar with the fundraising said the Friday&#8217;s filing was an expansion of the offering from earlier this month, in which the company said it had raised $325 million, and is intended to &#8220;bolster the company&#8217;s balance sheet as it continues to grow worldwide.&#8221;
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.
On Thursday, Reuters reported that the Federal Trade Commission was investigating the marketing practices of the San Francisco-based company, citing a source.
Reuters

E-cigarette maker Juul Labs Inc, facing regulatory scrutiny in domestic U.S market, raised $785.2 million in an equity and debt offering as it looks to expand globally.

E-cigarette maker Juul raises $785m in expanded funding round

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E-cigarette maker Juul raises $785m in expanded funding round

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