Yimutian Inc. - Sponsored ADR's (NASDAQ:YMT) Quiet Period Set To Expire on September 29th

Key Points

• Yimutian Inc. (NASDAQ:YMT) will see its quiet period expire on September 29th, allowing underwriters to begin issuing research reports and earnings estimates post-IPO.
• The company completed its initial public offering of 5,010,000 shares on August 19th, raising $20,541,000 at an initial price of $4.10 per share.
• As of Monday, Yimutian shares are trading at $2.25, reflecting a 1.7% decline, with a 12-month trading range between $1.90 and $6.05.

Yimutian's (NASDAQ:YMT - Get Free Report) quiet period is set to expire on Monday, September 29th. Yimutian had issued 5,010,000 shares in its initial public offering on August 19th. The total size of the offering was $20,541,000 based on an initial share price of $4.10. During the company's quiet period, underwriters and any insiders that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the end of the company's quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Yimutian to a "hold" rating in a report on Sunday, August 31st.

Yimutian Stock Down 1.7%

Shares of Yimutian stock opened at $2.25 on Monday. Yimutian has a 12 month low of $1.90 and a 12 month high of $6.05.

Yimutian Company Profile

Our mission is to make every acre of farmland more valuable via technology and industry know-how. We are the largest agricultural B2B platform in mainland China in terms of monthly active merchants in 2024, according to the F&S Report. We believe technology plays a critical role in agriculture, contributing to increased productivity of the industry.

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