Waton Financial Limited's Lock-Up Period Will End on September 29th (NASDAQ:WTF)

Key Points

• Waton Financial Limited's lock-up period ends on September 29th, allowing insiders to sell shares after the issuance of 4,375,000 shares in its IPO.
• Wall Street analysts have upgraded Waton Financial's stock rating from "sell" to "hold," indicating a more optimistic outlook.
• The stock opened at $6.77, with a 12-month high of $19.85 and a 50-day moving average of $4.98.

Waton Financial's (NASDAQ:WTF - Get Free Report) lock-up period is set to end on Monday, September 29th. Waton Financial had issued 4,375,000 shares in its initial public offering on April 1st. The total size of the offering was $17,500,000 based on an initial share price of $4.00. After the expiration of the company's lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Waton Financial from a "sell" rating to a "hold" rating in a report on Friday, May 30th.

Waton Financial Stock Up 0.7%

NASDAQ:WTF opened at $6.77 on Monday. Waton Financial has a 12 month low of $4.05 and a 12 month high of $19.85. The stock has a 50 day moving average of $4.98.

Waton Financial Company Profile

Waton Financial Ltd. is a holding company, which engages in the provision of securities brokerage and financial technology services. It is also involved in software licensing and related support services including the licensing of trading platform app, upgrades and enhancements, maintenance, and other related services to financial institutions.

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