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

BingEx’s (NASDAQ:FLX) lock-up period is set to 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 end of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

BingEx Price Performance

NASDAQ FLX opened at $7.25 on Friday. BingEx has a fifty-two week low of $6.50 and a fifty-two week high of $21.95. The business has a 50 day moving average of $8.45.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in BingEx stock. Millennium Management LLC acquired a new position in shares of BingEx Limited (NASDAQ:FLX) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 41,405 shares of the company’s stock, valued at approximately $335,000. Millennium Management LLC owned about 0.06% 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.