By BingEx Limited (Nasdaq: FLX) today announced the pricing of its initial public offering of 4,000,000 American Depositary Shares (“ADSs”), each representing three Class A ordinary shares of the Company, at US$16.50 per ADS. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by the Company, are expected to total US$66.0 million, assuming the underwriters do not exercise their option to purchase additional ADSs. In addition, BingEx has granted the underwriters a 30-day option to purchase up to an aggregate of 600,000 additional ADSs at the initial public offering price less underwriting discounts and commissions.
The ADSs have been approved for listing and are expected to begin trading on the Nasdaq Stock Market today under the symbol “FLX.” The offering is expected to close on October 7, 2024, subject to customary closing conditions.
Deutsche Bank Securities Inc., China International Capital Corporation Hong Kong Securities Limited, and CLSA Limited are acting as the representatives of the underwriters.
A registration statement related to these securities has been filed with and declared effective by the United States Securities and Exchange Commission (the “SEC”). This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The offering is being made only by means of a prospectus, forming a part of the effective registration statement. When available, copies of the final prospectus relating to the offering may be obtained by contacting the following underwriters: (1) Deutsche Bank Securities Inc., 1 Columbus Circle, New York, New York 10019, or by telephone at +1-800-503-4611, or by emailing prospectus.cpdg@db.com; (2) China International Capital Corporation Hong Kong Securities Limited, 29/F, One International Finance Centre, 1 Harbour View Street, Central, Hong Kong, or by telephone at +852-2872-2000, or by emailing ECM_Bolt2021@cicc.com.cn; or (3) CLSA Limited, 18/F, One Pacific Place, 88 Queensway, Hong Kong, or by telephone at +852 2600 8888, or by emailing ProjectBolt@clsa.com.
