Concorde International Group Ltd.’s Quiet Period Will End on June 2nd (NASDAQ:CIGL)

Concorde International Group’s (NASDAQ:CIGL) quiet period is set to expire on Monday, June 2nd. Concorde International Group had issued 1,250,000 shares in its initial public offering on April 22nd. The total size of the offering was $5,000,000 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 for the company because of SEC regulations. Following the expiration 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.

Concorde International Group Stock Down 5.8%

Shares of CIGL opened at $5.98 on Monday. Concorde International Group has a twelve month low of $3.63 and a twelve month high of $7.27.

Concorde International Group Company Profile

Concorde International Group Limited is an integrated security services providers that combines physical manpower and innovative technology to deliver effective security solutions. In 2014, we were awarded “The Business Model Innovation Award” by the Singapore Manufacturing Federation. In 2015, we were awarded the “Best Innovative Use of Infocomm Technology Award” by the Singapore Infocomm Technology Federation (“SiTF”).