Concorde International Group Ltd.'s Quiet Period Will Expire on June 2nd (NASDAQ:CIGL)

Concorde International Group's (NASDAQ:CIGL - Get Free Report) quiet period will expire on Monday, June 2nd. Concorde International Group had issued 1,250,000 shares in its IPO on April 22nd. The total size of the offering was $5,000,000 based on an initial share price of $4.00. During Concorde International Group's quiet period, underwriters and any insiders that worked on the IPO are restricted from issuing any earnings forecasts or 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.

Concorde International Group Price Performance

Shares of NASDAQ:CIGL traded down $0.23 during trading hours on Wednesday, reaching $5.30. The stock had a trading volume of 7,947 shares, compared to its average volume of 42,666. Concorde International Group has a 1 year low of $3.63 and a 1 year high of $7.27.

About Concorde International Group

Concorde International Group Limited is an integrated security services providers that combines physical manpower and innovative technology to deliver effective security solutions. In 2014, we were awarded “The Business Model Innovation Award” by the Singapore Manufacturing Federation. In 2015, we were awarded the “Best Innovative Use of Infocomm Technology Award” by the Singapore Infocomm Technology Federation (“SiTF”).