Raytech Holding Ltd.’s (NASDAQ:RAY) Quiet Period To End on June 24th

Raytech’s (NASDAQ:RAY) quiet period is set to end on Monday, June 24th. Raytech had issued 1,500,000 shares in its public offering on May 15th. The total size of the offering was $6,000,000 based on an initial share price of $4.00. During the company’s quiet period, insiders and any underwriters involved in 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, the brokerages that served as underwriters will likely initiate research coverage on the company.

Raytech Trading Down 4.8 %

NASDAQ RAY opened at $3.55 on Monday. Raytech has a 1 year low of $3.21 and a 1 year high of $6.04.

About Raytech

Raytech Holding Limited company specializes in design, sourcing and wholesale of personal care electrical appliances for international brand owners. Raytech Holding Limited is based in Hong Kong.