Delixy Holdings Limited's (NASDAQ:DLXY) Quiet Period Will Expire on August 18th

Key Points

• Delixy Holdings Limited's quiet period ends on August 18, following their public offering of 2,000,000 shares at $4.00 each, totaling $8,000,000.
• After the quiet period, brokerages will likely begin issuing research coverage on Delixy, as current regulations prevent earnings forecasts during this time.
• Delixy shares opened at $4.78, with a twelve-month trading range between $3.90 and $7.16, reflecting its performance post-IPO.

Delixy's (NASDAQ:DLXY - Get Free Report) quiet period will end on Monday, August 18th. Delixy had issued 2,000,000 shares in its IPO on July 9th. The total size of the offering was $8,000,000 based on an initial share price of $4.00. During the company's quiet period, underwriters and any insiders 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.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Delixy to a "hold" rating in a research note on Saturday, July 19th.

Delixy Trading Up 1.9%

Shares of NASDAQ DLXY traded up $0.09 during midday trading on Wednesday, reaching $4.91. 16,585 shares of the stock were exchanged, compared to its average volume of 139,943. Delixy has a 52-week low of $3.90 and a 52-week high of $7.16.

About Delixy

Delixy Holdings Limited is a company principally engaged in the trading of oil-related products, including crude oil and oil-based products such as fuel oils, motor gasoline, additives, gas condensate, base oils, asphalt, petrochemicals and naphtha. Delixy Holdings Limited is based in Singapore.