Galaxy Payroll Group Limited’s (NASDAQ:GLXG) Quiet Period To Expire on October 22nd

Galaxy Payroll Group’s (NASDAQ:GLXG) quiet period will expire on Tuesday, October 22nd. Galaxy Payroll Group had issued 1,750,000 shares in its initial public offering on September 12th. The total size of the offering was $7,000,000 based on an initial share price of $4.00. During Galaxy Payroll Group’s quiet period, underwriters and any insiders that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Galaxy Payroll Group Stock Down 6.8 %

Shares of NASDAQ:GLXG opened at $9.44 on Tuesday. Galaxy Payroll Group has a 1 year low of $3.83 and a 1 year high of $13.89.

About Galaxy Payroll Group

Galaxy Payroll Group Limited, through its subsidiaries, provides payroll outsourcing, employment, and consultancy and market research services. It has operations in Hong Kong, Macau, the People’s Republic of China, Taiwan, Japan, Australia, Thailand, Malaysia, Vietnam, India, Indonesia, and the Philippines.