Dorian LPG’s Quiet Period Will Expire on June 17th (NYSE:LPG)
Dorian LPG’s (NYSE:LPG) quiet period is set to expire on Tuesday, June 17th. Dorian LPG had issued 7,105,263 shares in its initial public offering on May 8th, Analyst RN reports. The total size of the offering was $134,999,997 based on an initial share price of $19.00. During Dorian LPG’s quiet period, insiders and underwriters 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, the brokerages that served as underwriters will likely initiate research coverage on the company.
Shares of Dorian LPG (NYSE:LPG) traded down 0.23% on Thursday, hitting $21.75. The stock had a trading volume of 11,002 shares. Dorian LPG has a 52-week low of $17.95 and a 52-week high of $22.00. The stock has a 50-day moving average of $19.86 and a 200-day moving average of $19.86. The company’s market cap is $1.237 billion.
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