China Internet’s (CIFS) Quiet Period Will End on September 18th
China Internet’s (NASDAQ:CIFS) quiet period will end on Monday, September 18th. China Internet had issued 2,023,146 shares in its initial public offering on August 8th. The total size of the offering was $20,231,460 based on an initial share price of $10.00. During China Internet’s quiet period, insiders and underwriters that worked on the IPO are prevented from issuing any earnings forecasts or research reports 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.
Shares of China Internet (CIFS) opened at 12.73 on Monday. China Internet has a 52-week low of $10.81 and a 52-week high of $13.48. The firm has a 50-day moving average of $12.47 and a 200-day moving average of $12.47.
About China Internet
China Internet Nationwide Financial Services Inc is a holding company. The Company is engaged in the business of providing financial advisory services small-to-medium sized enterprises (SMEs). The Company, through its subsidiaries offers commercial payment advisory services, international corporate financing advisory services and intermediary bank loan advisory services.
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