XCBEU’s (NASDAQ:XCBEU – Get Free Report) quiet period is set to expire on Monday, March 2nd. XCBEU had issued 20,000,000 shares in its initial public offering on January 21st. The total size of the offering was $200,000,000 based on an initial share price of $10.00. During the company’s quiet period, underwriters and any insiders 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.
XCBEU Stock Down 0.2%
XCBEU opened at $9.97 on Friday. XCBEU has a 12 month low of $9.97 and a 12 month high of $10.05.
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