Sept 13 (Reuters) - Chinese courier delivery firm

BingEx, which brands its services as 'FlashEx', has filed to go

public in the United States, a regulatory filing showed on

Friday.

WHY IT'S IMPORTANT

Several high-profile companies are trying to test investor

appetite for IPOs following a prolonged downturn due to rising

interest rates and geopolitical turmoil.

The number of Chinese companies that have pursued stock

market flotations in the United States has dropped in the past

few years, after ride-hailing giant Didi Global was forced to

delist its shares in late 2021 following a backlash from China's

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.

CONTEXT

BingEx, citing data from iResearch, said it was the largest

independent on-demand dedicated courier service provider in

China according to revenue earned in 2023.

CICC, CLSA, Deutsche Bank and UBS Investment Bank are the

underwriters of the offering.

BY THE NUMBERS

BingEx's revenue rose to 4.53 billion Chinese yuan ($638.43

million) in 2023 compared with 4 billion Chinese yuan a year

earlier, the IPO prospectus showed.

It reported a profit of 110.5 million Chinese yuan in023

versus a loss of 180.4 million Chinese yuan a year earlier.

The company operates in 295 Chinese cities with 88.9 million

registered customers and 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 the country, as of

last year.

WHAT'S NEXT

BingEx, which did not reveal the terms of its offering, is

aiming to list American depositary shares (ADS) on the Nasdaq.

The company has applied to trade under the ticker symbol

"FLX".

($1 = 7.0955 Chinese yuan renminbi)