707 Cayman Holdings Limited's Quiet Period Will Expire on July 21st (NASDAQ:JEM)

707 Cayman's (NASDAQ:JEM - Get Free Report) quiet period will end on Monday, July 21st. 707 Cayman had issued 2,500,000 shares in its public offering on June 9th. The total size of the offering was $10,000,000 based on an initial share price of $4.00. During the company's quiet period, insiders and underwriters involved in 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, it's expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised 707 Cayman to a "hold" rating in a research note on Saturday, July 5th.

707 Cayman Price Performance

Shares of JEM traded up $0.11 during trading hours on Thursday, hitting $3.80. 51,372 shares of the company were exchanged, compared to its average volume of 135,579. 707 Cayman has a one year low of $3.05 and a one year high of $7.90.

707 Cayman Company Profile

We are a Hong Kong-based company that sells quality apparel products and provides supply chain management total solutions to our customers spanning from Western Europe, North America to the Middle East. We were founded in 2021 and became wholly-owned by Mr. Cheung, executive director and chief executive officer, in May 2022 and have grown, in a short period of time, building relationships with a diverse range of customers.