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Chinese logistics firm BingEx valued at nearly $1.2b in US IPO

Chinese logistics firm BingEx valued at nearly $1.2b in US IPO

FILE PHOTO: Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. REUTERS/Mike Segar/File Photo

China’s BingEx said on Friday it had raised $66 million in its U.S. initial public offering valuing the courier delivery firm at $1.17 billion, signaling a recovery in investors’ risk appetite and easing regulatory hurdles.

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