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Proposed Symbol | FLX |
---|---|
Company Name | BingEx Ltd |
Exchange | NASDAQ Global Select |
Share Price | $16.50 |
Employees | 1033 (as of 06/30/2024) |
Status | Priced |
Shares Offered | 4,000,000 |
Offer amount | $66,000,000 |
Shares Over Alloted | |
Company Address | BLDG 6, ZHONGGUANCUN DONGSHEN INT SCI PK NO.1 YONGTAIZHUANG NORTH HAIDAN DISTRICT BEIJING 100192 |
Company Phone | 861062923966 |
Company Website | www.ishansong.com |
CEO | Peng Xue |
State of Inc | |
Fiscal Year End | 12-31 |
Total Offering Expense | $5,500,000.00 |
Shareholder Shares Offered | |
Shares Outstanding | 4,000,000 |
Lockup Period (days) | 180 |
Lockup Expiration | 2025-04-02 00:00:00 |
Quiet Period Expiration | 2024-11-13 00:00:00 |
CIK | 0001858724 |
DealId | 1308415-111441 |
Our mission is to make people’s lives better through our services. We are the pioneer in providing on-demand dedicated courier services for individual and business customers with superior time certainty, delivery safety and service quality. We brand our services as “FlashEx” (pronounced as “Shan Song”) in Chinese, which means delivery in a flash. FlashEx has become synonymous with on-demand dedicated courier services in China, according to iResearch. We are the largest independent on-demand dedicated courier service provider in China as measured by revenue in 2023, according to iResearch. Since the inception of our commercial operation in 2014, our business has flourished with individual and business customers embracing the on-demand dedicated courier industry. As of June 30, 2024, we had approximately 2.7 million registered riders, and had expanded our services coverage to 295 cities in China. In 2023, our market share of the independent on-demand dedicated courier service in China was approximately 33.9%, according to iResearch. --- Our principal executive offices are located at Building 6, Zhongguancun Dongsheng International Science Park, No.1 Yongtaizhuang North Road, Haidian District, Beijing 100192, People’s Republic of China. Our telephone number at this address is +86 (10) 6292-3966. Our main website is http://www.ishansong.com/. Our registered office in the Cayman Islands is located at P.O. Box 712, Cannon Place, North Sound Road, George Town, Grand Cayman, KY1-9006, Cayman Islands. Our agent for service of process in the United States is Cogency Global Inc., located at 122 East 42nd Street, 18th Floor, New York, NY 10168.