MDJM’s (NASDAQ:MDJH) quiet period is set to end on Monday, February 18th. MDJM had issued 1,241,459 shares in its public offering on January 8th. The total size of the offering was $6,207,295 based on an initial share price of $5.00. During MDJM’s quiet period, underwriters and any insiders that worked on the IPO are prevented 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, the brokerages that served as underwriters will likely initiate research coverage on the company.
MDJH opened at $3.84 on Monday. MDJM has a 1-year low of $3.08 and a 1-year high of $7.90.
MDJM Ltd., through its subsidiaries and variable interest entity, operates as an integrated real estate services company in China. It offers real estate agency services to real estate developers; real estate consulting services, such as integrated marketing planning, advertising planning and strategy, and sales planning strategy for real estate developers, real estate design institutes and agencies, urban planning bureaus of various levels of governments, and urban rail transportation companies, as well as urban infrastructure development companies; and independent training services for real estate developers.
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