Li Bang International Corporation Inc.’s (NASDAQ:LBGJ) Quiet Period To End on December 2nd

Li Bang International’s (NASDAQ:LBGJ) quiet period will expire on Monday, December 2nd. Li Bang International had issued 1,520,000 shares in its initial public offering on October 23rd. The total size of the offering was $6,080,000 based on an initial share price of $4.00. During the company’s quiet period, insiders and underwriters that worked on the IPO are restricted from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the end 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.

Li Bang International Stock Down 3.9 %

NASDAQ:LBGJ opened at $3.17 on Monday. Li Bang International has a 12-month low of $3.03 and a 12-month high of $5.50.

About Li Bang International

Li Bang International Corporation Inc specializes in the research, development, production and sale of stainless steel commercial kitchen equipment under its own `Li Bang` brand principally in China. In addition to its product offerings, the Company provides comprehensive services from early-stage design of commercial kitchen appliances to equipment installation and after-sales maintenance.