Global Engine Group Holding Limited’s Lock-Up Period To End on March 19th (NASDAQ:GLE)

Global Engine Group’s (NASDAQ:GLE) lock-up period is set to expire on Wednesday, March 19th. Global Engine Group had issued 2,000,000 shares in its IPO on September 20th. The total size of the offering was $8,000,000 based on an initial share price of $4.00. After the expiration of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Global Engine Group Price Performance

Shares of GLE stock opened at $1.74 on Friday. Global Engine Group has a 52 week low of $1.05 and a 52 week high of $5.44. The firm has a 50 day simple moving average of $1.62.

About Global Engine Group

Global Engine Group Holding Limited provides integrated solutions in the information communication technologies (ICT), system integration, and other technical consultation service areas in Hong Kong. The company offers ICT solution services, including cloud platform deployment, IT system design, configuration, maintenance, and data center colocation and cloud services; technical services, such as technical development, support, and outsourcing services for data center and cloud computing infrastructure, mobility and fixed network communications, and Internet-of-things (IoT) projects; and project management services.