Westlake Chemical Partners’ Quiet Period Will End on September 8th (NASDAQ:WLKP)
Westlake Chemical Partners’ (NASDAQ:WLKP) quiet period will end on Monday, September 8th. Westlake Chemical Partners had issued 11,250,000 shares in its IPO on July 30th, AnalystRatings.NET reports. The total size of the offering was $270,000,000 based on an initial share price of $24.00. During the company’s quiet period, insiders and underwriters that worked on the IPO are prevented from issuing any research reports 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 Westlake Chemical Partners (NASDAQ:WLKP) traded up 1.18% during mid-day trading on Wednesday, hitting $31.66. 6,973 shares of the company’s stock traded hands. Westlake Chemical Partners has a 1-year low of $28.57 and a 1-year high of $31.85. The stock’s 50-day moving average is $29.7 and its 200-day moving average is $29.7. The company’s market cap is $803.3 million.
Westlake Chemical Partners LP (NASDAQ:WLKP) operates, acquires and develops ethylene production facilities and related assets.
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