BingEx Limited’s Quiet Period Set To Expire Tomorrow (NASDAQ:FLX)

BingEx’s (NASDAQ:FLX) quiet period will end on Wednesday, November 13th. BingEx had issued 4,000,000 shares in its 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, underwriters and any insiders involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

BingEx Stock Down 2.0 %

FLX stock opened at $11.75 on Tuesday. BingEx has a 52 week low of $11.47 and a 52 week high of $21.95.

About BingEx

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.