SORNU’s (NASDAQ:SORNU – Get Free Report) quiet period is set to end on Monday, February 16th. SORNU had issued 22,000,000 shares in its IPO on January 7th. The total size of the offering was $220,000,000 based on an initial share price of $10.00. During SORNU’s quiet period, insiders and any underwriters involved in the IPO are restricted from issuing any 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.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded SORNU to a “hold” rating in a report on Thursday, January 15th.
Read Our Latest Report on SORNU
SORNU Stock Performance
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