Shreya Acquisition Group’s (NYSE:SAGU – Get Free Report) quiet period is set to expire on Tuesday, June 16th. Shreya Acquisition Group had issued 10,000,000 shares in its public offering on May 7th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. During Shreya Acquisition Group’s quiet period, insiders and underwriters that worked on the IPO are restricted 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, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised shares of Shreya Acquisition Group to a “hold” rating in a report on Saturday, May 30th.
View Our Latest Stock Report on Shreya Acquisition Group
Shreya Acquisition Group Trading Down 0.2%
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