Rich Sparkle Holdings Limited's (NASDAQ:ANPA) Quiet Period Will Expire on August 18th

Key Points

• Rich Sparkle Holdings Limited's quiet period will end on August 18th, allowing underwriters to start issuing research reports on the company.
• The company issued 1,250,000 shares in a public offering on July 8th, totaling $5,000,000 based on an initial share price of $4.00.
• Rich Sparkle's stock has seen significant volatility, with a one-year low of $2.80 and a high of $41.00.

Rich Sparkle's (NASDAQ:ANPA - Get Free Report) quiet period will end on Monday, August 18th. Rich Sparkle had issued 1,250,000 shares in its initial public offering on July 8th. The total size of the offering was $5,000,000 based on an initial share price of $4.00. During Rich Sparkle's quiet period, underwriters and any insiders that worked on the IPO are prevented 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, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Rich Sparkle to a "hold" rating in a research report on Sunday, July 20th.

Rich Sparkle Stock Performance

Rich Sparkle stock traded down $1.90 during midday trading on Thursday, hitting $37.90. 19,407 shares of the company's stock were exchanged, compared to its average volume of 972,119. Rich Sparkle has a 52-week low of $2.80 and a 52-week high of $44.00.

Rich Sparkle Company Profile

Rich Sparkle Holdings Limited is a financial printing and corporate services provider which specializes in designing and printing quality financial print materials principally in Hong Kong. Its service portfolio covers a myriad of deliverables, mainly including listing documents, financial reports, fund documents, circulars and announcements.