Skadden advised BingEx Limited on the company’s Nasdaq listing on October 4, 2024.
BingEx Limited, a leading on-demand dedicated courier services provider in China, priced its initial public offering of 4,000,000 American Depository Shares (ADSs) at a price of US$16.50 per ADS for a total offering size of US$66 million (excluding the “greenshoe” option).
The Skadden team was led by partner Shu Du (Hong Kong) and China Practice co-head Haiping Li (Hong Kong/Shanghai), with associates Yangtian Li (Shanghai), Olivia Wu (Beijing) and Mengyuan Elaine Tang (Beijing), International Project Manager Matthew Ge (Hong Kong), tax partner Sean Shimamoto (Palo Alto/Houston) with associate Robert Chou (Palo Alto) and investment management partner Kevin T. Hardy (Chicago).
