Innovation Beverage Group Limited’s Quiet Period Set To End on November 5th (NASDAQ:IBG)

Innovation Beverage Group’s (NASDAQ:IBG) quiet period is set to expire on Tuesday, November 5th. Innovation Beverage Group had issued 1,350,000 shares in its initial public offering on September 26th. The total size of the offering was $5,400,000 based on an initial share price of $4.00. During Innovation Beverage Group’s quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Innovation Beverage Group Stock Performance

NASDAQ:IBG opened at $0.62 on Friday. Innovation Beverage Group has a one year low of $0.60 and a one year high of $3.35.

Innovation Beverage Group Company Profile

Innovation Beverage Group (formerly Australian Boutique Spirits) is an award-winning distillery that produces a variety of brands in-house and imports global brands to sell exclusively to the Australian market through bevmart.com.au. It was recently recognized as the Australian Liqueur Distillery of the year by the Melbourne International Spirits Competition.