BingEx Limited’s (NASDAQ:FLX) Lock-Up Period Set To End Tomorrow

BingEx’s (NASDAQ:FLX) lock-up period will end on Wednesday, April 2nd. 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. After the expiration of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

BingEx Trading Down 7.6 %

NASDAQ:FLX opened at $6.70 on Tuesday. The company has a 50 day moving average of $8.43. BingEx has a 12-month low of $6.38 and a 12-month high of $21.95.

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

Hedge Funds Weigh In On BingEx

An institutional investor recently bought a new position in BingEx stock. Citadel Advisors LLC acquired a new stake in BingEx Limited (NASDAQ:FLX) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 113,507 shares of the company’s stock, valued at approximately $919,000. Citadel Advisors LLC owned 0.16% of BingEx as of its most recent SEC filing.

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.