BingEx Ltd filed a Form F-1 registration statement for an initial public offering on 2024-09-13. It has amended it 1 time. It filed its final prospectus on 2024-10-04. Each fact below is quoted from the filing named with it.
What the filings say
Listing
Our ADSs have been approved for listing on the Nasdaq Stock Market under the symbol FLX.From the 424B4 filed 2024-10-04
Shares offered
We are offering 4,000,000 ADSs to be sold in the offering.From the 424B4 filed 2024-10-04
Use of proceeds
We intend to use the net proceeds from this offering for growing our customer base and increasing market penetration, building brand image, investing in technology and research & development, as well as for general corporate purposes.From the 424B4 filed 2024-10-04
Revenue
Our revenues increased from RMB3,039.8 million in 2021 to RMB4,002.7 million in 2022, and further increased to RMB4,528.8 million (US$623.2 million) in 2023.From the F-1/A filed 2024-09-27
Net loss or income
We incurred net losses of RMB291.0 million and RMB180.4 million in 2021 and 2022, respectively, and recorded a net income of RMB110.5 million (US$15.2 million) in 2023.From the F-1/A filed 2024-09-27
Timeline
| Filed | What it is | Filing |
|---|---|---|
| 2024-09-13 | Registration statement filed (foreign issuer) | F-1 |
| 2024-09-27 | Registration statement amended (foreign issuer) | F-1/A |
| 2024-10-04 | Final prospectus filed: the offering is priced | 424B4 |
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Where this comes from
A company that wants to sell shares to the public in the United States files a registration statement with the SEC: Form S-1 for a US company, Form F-1 for a foreign one. It amends that statement as the figures and terms are filled in, usually adding the expected price range shortly before the offering. Once the offering is priced it files its final prospectus under Rule 424(b)(4). A company that decides not to go ahead can ask for the registration statement to be withdrawn on Form RW.
Every row on this page is one of those filings, linked to the filing itself. The facts are the company's own sentences, quoted from the filing named beside each one and never reworded; where no filing states a fact in a sentence that can be read exactly, this page leaves it out. A filing is the company's statement of its plans and its figures, not a verification of them, and nothing here is investment advice.