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 public offering on April 22nd. The total size of the offering was $5,000,000 based on an initial share price of $4.00. During the company's quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any research reports for the company because of SEC regulations. 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.
Concorde International Group Stock Up 1.8%
Shares of CIGL traded up $0.10 during mid-day trading on Friday, hitting $5.60. 7,688 shares of the company's stock were exchanged, compared to its average volume of 40,848. Concorde International Group has a 52 week low of $3.63 and a 52 week high of $7.27.
About Concorde International Group
(
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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”).
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