Zhengye Biotechnology's (NASDAQ:ZYBT - Get Free Report) lock-up period is set to expire on Monday, July 7th. Zhengye Biotechnology had issued 1,500,000 shares in its initial public offering on January 7th. The total size of the offering was $6,000,000 based on an initial share price of $4.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.
Zhengye Biotechnology Stock Up 2.2%
Shares of NASDAQ ZYBT traded up $0.13 during mid-day trading on Thursday, hitting $6.05. 124,393 shares of the company traded hands, compared to its average volume of 374,983. Zhengye Biotechnology has a 1 year low of $3.50 and a 1 year high of $14.30. The business's 50 day moving average is $8.58.
Zhengye Biotechnology Company Profile
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Zhengye Biotechnology Holding Limited is a veterinary vaccine manufacturer which encompasses research, development, manufacturing and sales of veterinary vaccines, with a focus on livestock vaccine principally in China. Zhengye Biotechnology Holding Limited is based in Jilin, China.
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