SVAQU’s (NASDAQ:SVAQU – Get Free Report) quiet period is set to expire on Monday, February 2nd. SVAQU had issued 20,000,000 shares in its IPO on December 23rd. The total size of the offering was $200,000,000 based on an initial share price of $10.00. During SVAQU’s quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any earnings forecasts or research reports 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.
SVAQU Stock Down 0.3%
Shares of SVAQU stock opened at $10.01 on Monday. SVAQU has a one year low of $9.94 and a one year high of $10.04.
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