LZ Technology Holdings Limited's Lock-Up Period To End on August 26th (NASDAQ:LZMH)

Key Points

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LZ Technology's (NASDAQ:LZMH - ) lock-up period is set to end on Tuesday, August 26th. LZ Technology had issued 1,800,000 shares in its IPO on February 27th. The total size of the offering was $7,200,000 based on an initial share price of $4.00. After the end of LZ Technology's lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

LZ Technology Stock Performance

Shares of LZMH opened at $3.40 on Tuesday. The business's 50 day moving average price is $9.75. LZ Technology has a 1 year low of $2.35 and a 1 year high of $32.10.

Institutional Investors Weigh In On LZ Technology

A hedge fund recently bought a new stake in LZ Technology stock. BNP Paribas Financial Markets bought a new position in shares of LZ Technology Holdings Limited (NASDAQ:LZMH - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,056 shares of the company's stock, valued at approximately $51,000.

LZ Technology Company Profile

As a holding company with no material operations of its own, LZ Technology conducts its operations through its operating entities formed in the PRC, primarily Lianzhang Portal and its subsidiaries. For the years ended December 31, 2022 and 2023, the Company had a total of 247 and 255 customers, respectively, who entered into contracts with the Company to purchase the Company's products and services.

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