Li Bang International Corporation Inc.’s Quiet Period Will Expire on December 2nd (NASDAQ:LBGJ)

Li Bang International’s (NASDAQ:LBGJ) quiet period will expire on Monday, December 2nd. Li Bang International had issued 1,520,000 shares in its IPO on October 23rd. The total size of the offering was $6,080,000 based on an initial share price of $4.00. During Li Bang International’s quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Li Bang International Trading Down 2.9 %

Shares of NASDAQ:LBGJ opened at $3.30 on Friday. Li Bang International has a 1-year low of $3.03 and a 1-year high of $5.50.

About Li Bang International

Li Bang International Corporation Inc specializes in the research, development, production and sale of stainless steel commercial kitchen equipment under its own `Li Bang` brand principally in China. In addition to its product offerings, the Company provides comprehensive services from early-stage design of commercial kitchen appliances to equipment installation and after-sales maintenance.