BingEx Limited (FLX) Prices 4M Share IPO at $16.50/sh

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Go back to BingEx Limited (FLX) Prices 4M Share IPO at $16.50/sh

BingEx Limited Announces Pricing of Initial Public Offering

October 4, 2024 6:30 AM EDT

BEIJING, Oct. 04, 2024 (GLOBE NEWSWIRE) -- BingEx Limited (BingEx or the Company) (Nasdaq: FLX), a leading on-demand dedicated courier services provider in China (branded as FlashEx), today announced the pricing of its initial public offering of 4,000,000 American Depositary Shares ("ADSs"), each representing three Class A ordinary shares of the Company, at US$16.50 per ADS. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by the Company, are expected to total US$66.0 million, assuming the underwriters do not exercise their option to purchase additional ADSs. In addition, BingEx... More