Bingex limited announces pricing of initial public offering

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 has granted the underwriters a 30-day option to purchase up to an aggregate of 600,000 additional adss at the initial public offering price less underwriting discounts and commissions.
FLX Ratings Summary
FLX Quant Ranking