Sept 27 (Reuters) - Chinese courier delivery firm BingEx

is aiming for a valuation of $1.21 billion in its U.S. listing,

banking on recovering investor appetite for new stocks and

easing of regulatory roadblocks.

The company, which brands its services as FlashEx, is

looking to sell 4 million American depositary shares (ADS) in

the initial public offering, priced between $15 and $17 apiece,

to raise $68 million at the top of its targeted range.

The number of Chinese companies that have pursued stock

market flotations in the U.S. in the past few years has

plummeted, after Chinese ride-hailing giant Didi Global was

forced to delist its shares following a backlash from Chinese

regulators.

EV maker Zeekr's debut on the New York Stock Exchange

earlier this year was the first big listing by a Chinese company

in the U.S. since Didi's delisting.

BingEx operates in 295 Chinese cities with 88.9 million

registered customers and the company had 2.7 million registered

riders, as of June 30.

It controlled 33.9% of the total independent on-demand

dedicated courier service market share in China, as of last

year, the company said in its IPO filing, citing iResearch.

BingEx has applied to trade under the ticker symbol "FLX".

CICC, CLSA and Deutsche Bank are the underwriters of the

offering.