China Internet Nationwide Fncl Srvcs’ (NASDAQ:CIFS) lock-up period will expire on Monday, February 5th. China Internet Nationwide Fncl Srvcs 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. After the end of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.
Separately, BidaskClub downgraded shares of China Internet Nationwide Fncl Srvcs from a “hold” rating to a “sell” rating in a research report on Friday, January 19th.
Shares of China Internet Nationwide Fncl Srvcs (NASDAQ CIFS) opened at $38.11 on Monday. The stock has a market cap of $839.30 and a P/E ratio of 5.56. China Internet Nationwide Fncl Srvcs has a 1 year low of $10.81 and a 1 year high of $66.10.
China Internet Nationwide Fncl Srvcs Company Profile
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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