Peace Acquisition’s (NASDAQ:PECEU – Get Free Report) quiet period will end on Wednesday, July 1st. Peace Acquisition had issued 6,000,000 shares in its initial public offering on May 22nd. The total size of the offering was $60,000,000 based on an initial share price of $10.00. During the company’s quiet period, underwriters and any insiders involved in the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. 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.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised shares of Peace Acquisition to a “hold” rating in a research note on Saturday, May 30th.
Read Our Latest Report on PECEU
Peace Acquisition Stock Performance
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