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Ipos overview

BingEx Ltd (FLX)


Company Overview

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

Company Description

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.