BingEx Limited’s Quiet Period Set To End on November 13th (NASDAQ:FLX)

BingEx’s (NASDAQ:FLX) quiet period is set to expire on Wednesday, November 13th. BingEx had issued 4,000,000 shares in its initial public offering on October 4th. The total size of the offering was $66,000,000 based on an initial share price of $16.50. During BingEx’s quiet period, insiders and any underwriters that worked on the IPO are restricted from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

BingEx Price Performance

FLX opened at $11.04 on Wednesday. BingEx has a 52 week low of $10.81 and a 52 week high of $21.95.

BingEx Company Profile

BingEx Limited, through its subsidiaries, provides on-demand courier services under the FlashEx brand name in the People’s Republic of China. The company offers Flash-Riders as service providers. It serves individual and business customers, including local retailers, restaurants, and logistics players through its mobile platform and website.