ARCIU’s (NASDAQ:ARCIU – Get Free Report) quiet period will end on Wednesday, March 4th. ARCIU had issued 24,000,000 shares in its public offering on January 23rd. The total size of the offering was $240,000,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and underwriters involved in the IPO are prevented 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.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded ARCIU to a “hold” rating in a report on Tuesday, February 3rd.
Read Our Latest Stock Report on ARCIU
ARCIU Stock Performance
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