Hexindai Inc -‘s Quiet Period To Expire on December 13th (NASDAQ:HX)
Hexindai’s (NASDAQ:HX) quiet period is set to end on Wednesday, December 13th. Hexindai had issued 5,000,000 shares in its IPO on November 3rd. The total size of the offering was $50,000,000 based on an initial share price of $10.00. During Hexindai’s quiet period, insiders and any underwriters that worked on the IPO are restricted 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.
Hexindai (NASDAQ:HX) opened at $11.61 on Wednesday. Hexindai has a twelve month low of $10.86 and a twelve month high of $17.00.
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Hexindai Inc is a consumer lending company. The Company is focused on offering borrowers a range of products designed-based on customer segmentation data and tailored to the specific needs of the emerging middle class in China. The Company also offers five tailored loan products such as Provident Fund Loans, Property-Owner Loans, Car-Owner Loans, Insurance-Holder Loans, and Premier Customer Loans.
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