Zhibao Technology’s (NASDAQ:ZBAO – Get Free Report) quiet period is set to expire on Monday, May 13th. Zhibao Technology had issued 1,500,000 shares in its public offering on April 2nd. The total size of the offering was $6,000,000 based on an initial share price of $4.00. During Zhibao Technology’s quiet period, underwriters and any insiders involved in the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
Zhibao Technology Stock Up 1.1 %
Shares of ZBAO opened at $3.55 on Wednesday. Zhibao Technology has a 1-year low of $3.00 and a 1-year high of $4.00.
Zhibao Technology Company Profile
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