BingEx Limited’s (NASDAQ:FLX) Lock-Up Period Set To End on April 2nd

BingEx’s (NASDAQ:FLX) lock-up period will expire on Wednesday, April 2nd. 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. After the expiration of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

BingEx Price Performance

FLX stock opened at $7.25 on Friday. BingEx has a 52 week low of $6.50 and a 52 week high of $21.95. The business’s fifty day moving average price is $8.45.

BingEx (NASDAQ:FLX) last announced its quarterly earnings results on Wednesday, March 12th. The company reported ($0.06) EPS for the quarter. The business had revenue of $140.96 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BingEx stock. Millennium Management LLC bought a new stake in BingEx Limited (NASDAQ:FLX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 41,405 shares of the company’s stock, valued at approximately $335,000. Millennium Management LLC owned 0.06% of BingEx at the end of the most recent quarter.

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.