Yuanbao's (NASDAQ:YB - Get Free Report) quiet period will end on Monday, June 9th. Yuanbao had issued 2,000,000 shares in its IPO on April 30th. The total size of the offering was $30,000,000 based on an initial share price of $15.00. During the company's quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration 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 upgraded shares of Yuanbao to a "hold" rating in a report on Saturday, May 24th.
Check Out Our Latest Analysis on Yuanbao
Yuanbao Price Performance
NASDAQ:YB traded down $0.35 during trading hours on Thursday, reaching $15.10. The company's stock had a trading volume of 157,239 shares, compared to its average volume of 57,038. Yuanbao has a 12 month low of $14.04 and a 12 month high of $28.99.
Yuanbao (NASDAQ:YB - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The company reported $0.89 earnings per share (EPS) for the quarter.
About Yuanbao
(
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Our mission is to protect health and well-being through technology. We are a leading technology-driven online insurance distributor in China. We take pride in pioneering the seamless integration of insurance with cutting-edge technologies, and have constructed a highly efficient full consumer service cycle engine.
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