Waton Financial Ltd's (NASDAQ:WTF) Quiet Period Will Expire on May 12th
Waton Financial Ltd's (NASDAQ:WTF) quiet period will end on May 12th, following its IPO on April 1st, where it issued 4,375,000 shares totaling $17.5 million at an initial price of $4.00 per share. During the quiet period, insiders and underwriters were restricted from issuing research reports. Post-expiration, brokerages are expected to initiate research coverage on the company. Currently, WTF stock is trading at $6.32, with a 12-month range of $4.05 to $19.85.
Waton Financial's (NASDAQ:WTF - Get Free Report) quiet period will expire on Monday, May 12th. Waton Financial had issued 4,375,000 shares in its IPO on April 1st. The total size of the offering was $17,500,000 based on an initial share price of $4.00. During the company'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, it's expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
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Waton Financial Stock Performance
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WTF stock opened at $6.32 on Monday. Waton Financial has a 12 month low of $4.05 and a 12 month high of $19.85.
Waton Financial Company Profile
(Get Free Report)Waton Financial Ltd. is a holding company, which engages in the provision of securities brokerage and financial technology services. It is also involved in software licensing and related support services including the licensing of trading platform app, upgrades and enhancements, maintenance, and other related services to financial institutions.
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