707 Cayman Holdings Limited’s (NASDAQ:JEM) Quiet Period Set To End on July 21st

707 Cayman’s (NASDAQ:JEM) quiet period is set to end on Monday, July 21st. 707 Cayman had issued 2,500,000 shares in its initial public offering on June 9th. The total size of the offering was $10,000,000 based on an initial share price of $4.00. During the company’s quiet period, underwriters and any insiders 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, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded 707 Cayman to a “hold” rating in a report on Saturday, July 5th.

707 Cayman Stock Up 9.7%

NASDAQ JEM opened at $3.73 on Monday. 707 Cayman has a 12-month low of $3.05 and a 12-month high of $7.90.

707 Cayman Company Profile

We are a Hong Kong-based company that sells quality apparel products and provides supply chain management total solutions to our customers spanning from Western Europe, North America to the Middle East. We were founded in 2021 and became wholly-owned by Mr. Cheung, executive director and chief executive officer, in May 2022 and have grown, in a short period of time, building relationships with a diverse range of customers.