Top Wealth Group Holding Limited’s (NASDAQ:TWG) Lock-Up Period To End on October 14th

Top Wealth Group’s (NASDAQ:TWG) lock-up period is set to end on Monday, October 14th. Top Wealth Group had issued 2,000,000 shares in its IPO on April 16th. The total size of the offering was $8,000,000 based on an initial share price of $4.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Top Wealth Group Stock Performance

Shares of TWG stock opened at $2.14 on Friday. Top Wealth Group has a twelve month low of $0.65 and a twelve month high of $5.50. The firm’s 50-day moving average price is $1.18.

About Top Wealth Group

Top Wealth Group Holding Limited, through its subsidiaries, provides caviar and caviar-based gourmet products in Hong Kong and internationally. The company also trades in caviars; and offers its products under the Imperial Cristal Caviar brand name. It serves food and beverage related distributors. The company was founded in 2009 and is based in Sai Wan, Hong Kong.