SAG Holdings Ltd’s (NASDAQ:SAG) Quiet Period Set To Expire on December 2nd

SAG’s (NASDAQ:SAG) quiet period will expire on Monday, December 2nd. SAG had issued 875,000 shares in its IPO on October 23rd. The total size of the offering was $7,000,000 based on an initial share price of $8.00. During SAG’s quiet period, insiders and any underwriters involved in the IPO are restricted from issuing any research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

SAG Stock Up 5.1 %

NASDAQ:SAG opened at $3.10 on Wednesday. SAG has a 1-year low of $2.25 and a 1-year high of $8.27.

SAG Company Profile

We are a Singapore-based provider of high-quality Original Equipment Manufacturer (“OEM”), third party branded and in-house branded replacement parts for motor vehicles and for non-vehicle combustion engines serving a number of industries. We distribute spare parts through operations primarily based in Singapore and global sales primarily generated from the Middle East and Asia.