Grande Group's (NASDAQ:GRAN - Get Free Report) quiet period is set to end on Monday, August 11th. Grande Group had issued 1,875,000 shares in its IPO 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, insiders and any underwriters that worked on 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 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.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen raised shares of Grande Group to a "hold" rating in a research note on Sunday, July 13th.
Get Our Latest Research Report on Grande Group
Grande Group Price Performance
Grande Group stock opened at $4.52 on Monday. Grande Group has a 52-week low of $4.05 and a 52-week high of $6.70.
About Grande Group
(
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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.
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