SKK Holdings Limited’s Quiet Period Will End on November 18th (NASDAQ:SKK)

SKK’s (NASDAQ:SKK) quiet period will expire on Monday, November 18th. SKK had issued 2,500,000 shares in its IPO on October 8th. The total size of the offering was $10,000,000 based on an initial share price of $4.00. During the company’s quiet period, insiders and any underwriters 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 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.

SKK Stock Up 0.8 %

SKK stock opened at $6.39 on Monday. SKK has a 12 month low of $2.53 and a 12 month high of $11.11.

About SKK

SKK Holdings Limited, through its subsidiaries, provides civil engineering services in Singapore. It undertakes subsurface utility works, such as power and telecommunication cable laying works, water pipeline works, and sewer rehabilitation works. The company also offers gas pipeline and sewer construction works; and underground piping, underground utility infrastructure construction and maintenance, horizontal directional drilling, and plumbing and sanitary works.