Powell Max’s (NASDAQ:PMAX – Get Free Report) quiet period will expire on Tuesday, October 15th. Powell Max had issued 1,426,750 shares in its initial public offering on September 5th. The total size of the offering was $5,707,000 based on an initial share price of $4.00. During Powell Max’s quiet period, underwriters and any insiders 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, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
Powell Max Stock Up 1.0 %
Shares of PMAX stock opened at $3.10 on Tuesday. Powell Max has a 52-week low of $2.63 and a 52-week high of $4.70.
Powell Max Company Profile
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