Innovation Beverage Group Limited’s (NASDAQ:IBG) Quiet Period To End on November 5th

Innovation Beverage Group’s (NASDAQ:IBG) quiet period is set to end on Tuesday, November 5th. Innovation Beverage Group had issued 1,350,000 shares in its public offering on September 26th. The total size of the offering was $5,400,000 based on an initial share price of $4.00. During the company’s quiet period, underwriters and any insiders involved in the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the end 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.

Innovation Beverage Group Price Performance

Shares of NASDAQ IBG opened at $0.62 on Tuesday. Innovation Beverage Group has a 52-week low of $0.60 and a 52-week high of $3.35.

About Innovation Beverage Group

Innovation Beverage Group (formerly Australian Boutique Spirits) is an award-winning distillery that produces a variety of brands in-house and imports global brands to sell exclusively to the Australian market through bevmart.com.au. It was recently recognized as the Australian Liqueur Distillery of the year by the Melbourne International Spirits Competition.