Yimutian’s (NASDAQ:YMT – Get Free Report) quiet period is set to expire on Monday, September 29th. Yimutian had issued 5,010,000 shares in its initial public offering on August 19th. The total size of the offering was $20,541,000 based on an initial share price of $4.10. During the company’s quiet period, underwriters and any insiders that worked on the IPO are restricted 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.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded Yimutian to a “hold” rating in a report on Sunday, August 31st.
Read Our Latest Stock Analysis on Yimutian
Yimutian Stock Down 1.7%
Yimutian Company Profile
Our mission is to make every acre of farmland more valuable via technology and industry know-how. We are the largest agricultural B2B platform in mainland China in terms of monthly active merchants in 2024, according to the F&S Report. We believe technology plays a critical role in agriculture, contributing to increased productivity of the industry.
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