Primech Holdings Ltd.’s Quiet Period Will End on November 20th (NASDAQ:PMEC)

Primech’s (NASDAQ:PMEC) quiet period is set to expire on Monday, November 20th. Primech had issued 3,050,000 shares in its IPO on October 10th. The total size of the offering was $12,200,000 based on an initial share price of $4.00. During the company’s quiet period, insiders and underwriters 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 expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Primech Trading Up 0.6 %

Shares of Primech stock opened at $3.51 on Monday. Primech has a 52 week low of $1.01 and a 52 week high of $4.15.

Primech Company Profile

Primech Holdings Ltd. provides facilities and stewarding services in the public and private sectors in Singapore. Its facilities services include general cleaning and maintenance of public and private facilities, such as airports, conservancy areas, public areas, refuse disposal areas, and parks and carparks of public housing units; common areas of hotels, educational institutions, public roads, residential spaces, commercial buildings, office facilities, industrial areas, retail stores, and healthcare facilities; housekeeping services; specialized cleaning services, including marble polishing, building façade cleaning, and clean room sanitation services; and waste management and pest control services.