BingEx Ltd

BingEx Ltd (FLX) priced its initial public offering on Oct 4, 2024 at $16.50 per share, and listed on Nasdaq. At the IPO price its market capitalization was about $2.76B. Deutsche Bank was lead-left underwriter, joined by CICC and CLSA. Han Kun advised the company and Jingtian & Gongcheng advised the underwriters.

BingEx Ltd provides on-demand dedicated courier services in China for individual and business customers under the FlashEx brand, known in Chinese as Shan Song, with a focus on delivery time certainty, safety and service quality.

Status

IPO

Ticker

FLX

Exchange

Nasdaq

Priced

Oct 4, 2024

IPO price

$16.50

Market cap at IPO price

$2.76B

First filed

Sep 13, 2024

Underwriters

Deutsche Bank, CICC and CLSA

Company counsel

Han Kun

Underwriters' counsel

Jingtian & Gongcheng

Sector

Transportation

Country / state

China

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.