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 - Get Free Report) lock-up period will 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 expiration of the company's lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

LZ Technology Price Performance

Shares of LZ Technology stock traded down $0.01 during trading on Friday, hitting $3.58. 452,829 shares of the company's stock traded hands, compared to its average volume of 542,199. LZ Technology has a 1 year low of $2.35 and a 1 year high of $32.10. The stock has a 50-day simple moving average of $8.60.

Institutional Investors Weigh In On LZ Technology

A hedge fund recently bought a new stake in LZ Technology stock. BNP Paribas Financial Markets acquired a new stake 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 acquired 3,056 shares of the company's stock, valued at approximately $51,000.

About LZ Technology

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.