MOKO.mobi’s Quiet Period Set To Expire on August 6th (NASDAQ:MOKO)
MOKO.mobi’s (NASDAQ:MOKO) quiet period is set to expire on Wednesday, August 6th. MOKO.mobi had issued 1,100,000 shares in its public offering on June 27th, AR Network reports. The total size of the offering was $8,250,000 based on an initial share price of $7.50. During the company’s quiet period, underwriters and any insiders that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. 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.
Shares of MOKO.mobi (NASDAQ:MOKO) traded down 4.53% on Friday, hitting $6.75. 2,699 shares of the company’s stock traded hands. MOKO.mobi has a one year low of $2.50 and a one year high of $12.56. The stock has a 50-day moving average of $7.44 and a 200-day moving average of $7.8. The company’s market cap is $89.5 million.
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