Mmtec’s (MTC) Quiet Period To Expire on February 18th

Mmtec’s (NYSE:MTC) quiet period will expire on Monday, February 18th. Mmtec had issued 1,800,000 shares in its initial public offering on January 8th. The total size of the offering was $7,200,000 based on an initial share price of $4.00. During the company’s quiet period, insiders and underwriters that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration 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 MTC opened at $5.71 on Monday. Mmtec has a 12-month low of $4.50 and a 12-month high of $11.44.

COPYRIGHT VIOLATION WARNING: “Mmtec’s (MTC) Quiet Period To Expire on February 18th” was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2019/02/11/mmtecs-mtc-quiet-period-to-expire-on-february-18th.html.

Mmtec Company Profile

Mmtec, Inc develops and deploys platforms that enable financial institutions to engage in securities market transactions and settlements in the People's Republic of China. It offers Internet-based securities solutions, such as Securities Dealers Trading System, which includes securities registration and clearing, account management, risk management, trading and execution, and third party access middleware; Private Fund Investment Management System that supports multi-account management, fund valuation, risk management, quantitative trading access, liquidation, and requisition management; and Mobile Transaction Individual Client System and PC Client System for Apple IOS, Android, PC, and Web.

Read More: What is the strike price in options trading?

Receive News & Ratings for Mmtec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mmtec and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply