Grande Group Limited's (NASDAQ:GRAN) Quiet Period Set To Expire on August 11th

Key Points

• Grande Group Limited's quiet period will conclude on August 11th, following its IPO where it issued 1,875,000 shares at an offering size of $9.375 million.
• After the quiet period ends, brokerages are expected to initiate research coverage on Grande Group, which may impact its stock performance.
• Currently, Grande Group's stock is trading around $4.52, with a 52-week low of $4.05 and a high of $6.70.

Grande Group's (NASDAQ:GRAN - Get Free Report) quiet period will expire on Monday, August 11th. Grande Group had issued 1,875,000 shares in its public offering on July 1st. The total size of the offering was $9,375,000 based on an initial share price of $5.00. During the company's quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any research reports for the company because of SEC regulations. 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.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Grande Group to a "hold" rating in a research report on Sunday, July 13th.

Grande Group Stock Performance

NASDAQ:GRAN traded down $0.13 on Thursday, reaching $4.46. 55,824 shares of the stock traded hands, compared to its average volume of 225,029. Grande Group has a 12 month low of $4.05 and a 12 month high of $6.70.

Grande Group Company Profile

Headquartered in Hong Kong, we are a holding company incorporated in the British Virgin Islands, and all of our business is carried out by our wholly-owned Operating Subsidiary in Hong Kong, Grande Capital. Grande Capital is a boutique financial firm that focuses on providing quality corporate finance advisory services to clients in Asia.