Zhibao Technology Inc.’s (NASDAQ:ZBAO) Quiet Period To Expire on May 13th

Zhibao Technology’s (NASDAQ:ZBAO) quiet period will end on Monday, May 13th. Zhibao Technology had issued 1,500,000 shares in its public offering on April 2nd. The total size of the offering was $6,000,000 based on an initial share price of $4.00. During Zhibao Technology’s quiet period, underwriters and any insiders involved in the IPO are restricted from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Zhibao Technology Trading Up 4.9 %

Shares of ZBAO stock opened at $4.08 on Friday. Zhibao Technology has a 12-month low of $3.00 and a 12-month high of $4.25.

About Zhibao Technology

Zhibao Technology Inc, through its subsidiaries, provides digital insurance brokerage services in China. It also offers managing general underwriter services; and offline insurance brokerage consulting services. The company was founded in 2015 and is based in Shanghai, China.