Happy City Holdings Limited's (NASDAQ:HCHL) Quiet Period Will End on August 4th

Key Points

• Happy City Holdings Limited's quiet period is set to end on August 4th, allowing brokerages to initiate research coverage after the expiration.
• The company had a public offering of 1.1 million shares at an initial price of $5.00, raising a total of $5.5 million.
• As of Monday, shares of Happy City opened at $4.40, with a 12-month trading range of $4.00 to $7.25.

Happy City's (NASDAQ:HCHL - Get Free Report) quiet period will expire on Monday, August 4th. Happy City had issued 1,100,000 shares in its IPO on June 24th. The total size of the offering was $5,500,000 based on an initial share price of $5.00. During the company's quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any 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.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Happy City to a "hold" rating in a research note on Sunday, June 29th.

Happy City Trading Down 0.5%

Shares of HCHL traded down $0.02 during trading hours on Thursday, hitting $4.27. The stock had a trading volume of 68,581 shares, compared to its average volume of 259,198. Happy City has a fifty-two week low of $4.00 and a fifty-two week high of $7.25.

About Happy City

Headquartered in Hong Kong, we are a restaurant operator that operates three all-you-can-eat hotpot restaurant through our wholly-owned Operating Subsidiaries in Hong Kong. We have been in the restaurant services industry serving the Hong Kong market for over 5 years, which is a relatively short operating history compared to some of our established competitors.