LZ Technology Holdings Ltd’s (NASDAQ:LZMH) Quiet Period Set To End on April 8th

LZ Technology’s (NASDAQ:LZMH) quiet period will expire on Tuesday, April 8th. LZ Technology had issued 1,800,000 shares in its initial public offering on February 27th. The total size of the offering was $7,200,000 based on an initial share price of $4.00. During LZ Technology’s quiet period, insiders and underwriters involved in the IPO are prevented from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. 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.

LZ Technology Stock Performance

LZ Technology stock opened at $8.35 on Friday. LZ Technology has a 1 year low of $4.40 and a 1 year high of $17.73.

About LZ Technology

As a holding company with no material operations of its own, LZ Technology conducts its operations through its operating entities formed in the PRC, primarily Lianzhang Portal and its subsidiaries. For the years ended December 31, 2022 and 2023, the Company had a total of 247 and 255 customers, respectively, who entered into contracts with the Company to purchase the Company’s products and services.