07:06 AM EDT, 10/04/2024 (MT Newswires) -- BingEx (FLX) said Friday that it priced its initial public offering of 4 million American depositary shares, each representing three Class A ordinary shares, at $16.50 per ADS for expected gross proceeds of $66 million.

The company also said it granted the underwriters a 30-day option to buy up to 600,000 additional ADS. The offering is expected to close on Monday.

The ADS have been approved for listing and are expected to start trading Friday on the Nasdaq Stock Market under the symbol "FLX."