ADACU’s (NASDAQ:ADACU – Get Free Report) quiet period is set to expire on Tuesday, January 27th. ADACU had issued 20,000,000 shares in its initial public offering on December 18th. The total size of the offering was $200,000,000 based on an initial share price of $10.00. During ADACU’s quiet period, insiders and any underwriters involved in the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
ADACU Stock Performance
ADACU stock opened at $10.01 on Thursday. ADACU has a one year low of $9.95 and a one year high of $10.04.
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