Reported 3 days ago
Chinese courier company BingEx raised $66 million in its recent US IPO, achieving a valuation of approximately $1.17 billion. The successful launch indicates a growing investor appetite for riskier ventures after a prolonged downturn in the market. As of June 30, BingEx operated in 295 cities in China, boasting over 2.7 million registered riders and a significant market share in the courier industry. Trading under the ticker 'FLX' on Nasdaq is set to begin as the market gradually recovers.
Source: YAHOO