Chinese express company BingEx (FLX.US), which began trading on the Nasdaq on Friday, raised $66 million in its initial public offering (IPO) in the United States, with a valuation of $1.17 billion.
The company's service brand is FlashEx, issuing 4 million American depositary shares (ADS) with a price of $16.50 per share, close to the upper limit of its target offering price of $15 to $17. (sw/m)
~