Masonglory Limited's (NASDAQ:MSGY) Quiet Period Will End on August 18th

Key Points

• Masonglory Limited's (NASDAQ:MSGY) quiet period ends on August 18th, following its IPO on July 8th where it raised $6,000,000 by issuing 1,500,000 shares at $4.00 each.
• After the quiet period, brokerages that underwrote the IPO are expected to begin research coverage on the company.
• As of now, Masonglory's stock is trading at $12.00 and has experienced a 5.0% increase recently, with a 52-week range between $3.83 and $12.20.

Masonglory's (NASDAQ:MSGY - Get Free Report) quiet period will end on Monday, August 18th. Masonglory had issued 1,500,000 shares in its IPO on July 8th. The total size of the offering was $6,000,000 based on an initial share price of $4.00. During Masonglory's quiet period, insiders and any underwriters that worked on the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end 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 Analyst Weigh In

Separately, Wall Street Zen raised shares of Masonglory to a "hold" rating in a research report on Saturday, July 19th.

Masonglory Stock Up 5.0%

Shares of MSGY opened at $12.00 on Monday. Masonglory has a 52 week low of $3.83 and a 52 week high of $12.20.

About Masonglory

Masonglory Limited is a subcontractor providing wet trades and related ancillary services to private and public sectors. Masonglory Limited is based in Hong Kong.

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