SORNU’s (NASDAQ:SORNU – Get Free Report) lock-up period will end on Monday, July 6th. SORNU had issued 22,000,000 shares in its initial public offering on January 7th. The total size of the offering was $220,000,000 based on an initial share price of $10.00. After the expiration of SORNU’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.
SORNU Stock Performance
NASDAQ SORNU opened at $10.00 on Monday. The firm has a 50 day simple moving average of $10.00. SORNU has a 12-month low of $9.92 and a 12-month high of $10.05.
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