Powell Max’s (NASDAQ:PMAX – Get Free Report) quiet period will end on Tuesday, October 15th. Powell Max had issued 1,426,750 shares in its IPO on September 5th. The total size of the offering was $5,707,000 based on an initial share price of $4.00. During the company’s quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
Powell Max Stock Up 4.2 %
Shares of NASDAQ:PMAX opened at $2.98 on Tuesday. Powell Max has a 1-year low of $2.63 and a 1-year high of $4.70.
About Powell Max
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