Li Bang International Corporation Inc.’s (NASDAQ:LBGJ) Quiet Period To End on December 2nd

Li Bang International’s (NASDAQ:LBGJ) quiet period is set to expire on Monday, December 2nd. Li Bang International had issued 1,520,000 shares in its initial public offering on October 23rd. The total size of the offering was $6,080,000 based on an initial share price of $4.00. During the company’s quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Li Bang International Price Performance

Shares of NASDAQ LBGJ opened at $3.70 on Monday. Li Bang International has a fifty-two week low of $3.03 and a fifty-two week high of $5.50.

Li Bang International Company Profile

Li Bang International Corporation Inc specializes in the research, development, production and sale of stainless steel commercial kitchen equipment under its own `Li Bang` brand principally in China. In addition to its product offerings, the Company provides comprehensive services from early-stage design of commercial kitchen appliances to equipment installation and after-sales maintenance.