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

BingEx’s (NASDAQ:FLX) lock-up period will end 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. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

BingEx Stock Performance

Shares of FLX opened at $7.61 on Wednesday. BingEx has a 1 year low of $6.50 and a 1 year high of $21.95. The company has a fifty day moving average price of $8.48.

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

Institutional Trading of BingEx

An institutional investor recently bought a new position in BingEx stock. Millennium Management LLC bought a new stake in shares of 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 fund 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 reporting period.

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.