BingEx Limited Announces Pricing of Initial Public Offering

Core Points - BingEx Limited, a leading on-demand dedicated courier services provider in China, has priced its initial public offering (IPO) at US$16.50 per American Depositary Share (ADS), aiming to raise gross proceeds of US$66.0 million [1][2] - The IPO involves 4,000,000 ADSs, with an additional 600,000 ADSs available for underwriters to purchase within 30 days [1][2] - The ADSs have been approved for listing on the Nasdaq Stock Market under the symbol "FLX," with trading expected to commence shortly [2] Company Overview - BingEx Limited operates under the brand "FlashEx," providing on-demand dedicated courier services characterized by superior time certainty, delivery safety, and service quality [5] - The company aims to enhance customer experience and deliver unique value propositions to its clients [5]