JBDI Holdings Limited Ordinary Shares’ (NASDAQ:JBDI) Quiet Period Will End Tomorrow

JBDI Holdings Limited Ordinary Shares’ (NASDAQ:JBDI) quiet period will expire on Monday, October 7th. JBDI Holdings Limited Ordinary Shares had issued 2,250,000 shares in its initial public offering on August 27th. The total size of the offering was $11,250,000 based on an initial share price of $5.00. During the company’s quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

JBDI Holdings Limited Ordinary Shares Stock Up 30.4 %

NASDAQ JBDI opened at $1.17 on Friday. JBDI Holdings Limited Ordinary Shares has a one year low of $0.88 and a one year high of $39.41.

About JBDI Holdings Limited Ordinary Shares

JBDI Holdings Limited engages in the trading of reconditioned and recycling containers in Singapore and the Southeast Asia region. The company offers reconditioning and recycling drums, including open top drums, metal drums, plastic drums, plastic carboys, and intermediate bulk containers, as well as new drums, and collects waste drums and related products.