Reitar Logtech Holdings Ltd’s (NASDAQ:RITR) Quiet Period Will Expire on October 2nd

Reitar Logtech’s (NASDAQ:RITR) quiet period is set to expire on Wednesday, October 2nd. Reitar Logtech had issued 2,125,000 shares in its IPO on August 23rd. The total size of the offering was $8,500,000 based on an initial share price of $4.00. During Reitar Logtech’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 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.

Reitar Logtech Stock Up 4.5 %

Shares of RITR stock opened at $4.38 on Wednesday. Reitar Logtech has a one year low of $3.30 and a one year high of $6.87.

About Reitar Logtech

Reitar Logtech Holdings Limited, through its subsidiaries, provides construction management and engineering design services. It operates in two segments, Asset Management and Professional Consultancy Services; and Construction Management and Engineering Design Services. The company provides construction management and engineering design services for cold storage facilities, automated warehouses, renovated offices, and tailor-made electrical systems.