Innovation Beverage Group Limited’s (NASDAQ:IBG) Lock-Up Period Set To End on March 25th

Innovation Beverage Group’s (NASDAQ:IBG) lock-up period is set to end on Tuesday, March 25th. Innovation Beverage Group had issued 1,350,000 shares in its initial public offering on September 26th. The total size of the offering was $5,400,000 based on an initial share price of $4.00. After the expiration of Innovation Beverage Group’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Wall Street Analyst Weigh In

Separately, Litchfield Hills Research started coverage on shares of Innovation Beverage Group in a report on Thursday, November 21st. They set a “buy” rating for the company.

Innovation Beverage Group Trading Up 0.2 %

Shares of IBG stock opened at $0.47 on Tuesday. Innovation Beverage Group has a one year low of $0.44 and a one year high of $3.35. The company’s 50-day moving average price is $0.74.

About Innovation Beverage Group

Innovation Beverage Group (formerly Australian Boutique Spirits) is an award-winning distillery that produces a variety of brands in-house and imports global brands to sell exclusively to the Australian market through bevmart.com.au. It was recently recognized as the Australian Liqueur Distillery of the year by the Melbourne International Spirits Competition.