Zhibao Technology Inc.’s Quiet Period To End on May 13th (NASDAQ:ZBAO)

Zhibao Technology’s (NASDAQ:ZBAO) quiet period will expire on Monday, May 13th. Zhibao Technology had issued 1,500,000 shares in its initial public offering on April 2nd. The total size of the offering was $6,000,000 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 research reports or earnings estimates for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Zhibao Technology Trading Up 8.8 %

Shares of ZBAO stock opened at $3.60 on Monday. Zhibao Technology has a 12-month low of $3.00 and a 12-month high of $4.00.

About Zhibao Technology

Zhibao Technology Inc, through its subsidiaries, provides digital insurance brokerage services in China. It also offers managing general underwriter services; and offline insurance brokerage consulting services. The company was founded in 2015 and is based in Shanghai, China.