BingEx's (NASDAQ:FLX - Get Free Report) quiet period will end on Wednesday, November 13th. BingEx had issued 4,000,000 shares in its IPO 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 prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the end of the company's quiet period, it's expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
BingEx Stock Performance
Shares of FLX stock traded down $0.76 during mid-day trading on Wednesday, hitting $12.11. The company's stock had a trading volume of 30,675 shares, compared to its average volume of 97,647. BingEx has a 52-week low of $11.47 and a 52-week high of $21.95.
BingEx Company Profile
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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.
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