Innovation Beverage Group Limited’s Lock-Up Period Will End on March 25th (NASDAQ:IBG)

Innovation Beverage Group’s (NASDAQ:IBG) lock-up period will expire on Tuesday, March 25th. Innovation Beverage Group had issued 1,350,000 shares in its public offering on September 26th. The total size of the offering was $5,400,000 based on an initial share price of $4.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Wall Street Analysts Forecast Growth

Separately, Litchfield Hills Research initiated coverage on shares of Innovation Beverage Group in a report on Thursday, November 21st. They set a “buy” rating on the stock.

Innovation Beverage Group Stock Performance

Shares of IBG stock opened at $0.48 on Thursday. Innovation Beverage Group has a 12-month low of $0.44 and a 12-month high of $3.35. The stock has a 50 day moving average of $0.72.

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.