ITHAU’s Quiet Period Will End on January 21st (NASDAQ:ITHAU)

ITHAU’s (NASDAQ:ITHAU) quiet period is set to expire on Wednesday, January 21st. ITHAU had issued 20,000,000 shares in its initial public offering on December 12th. The total size of the offering was $200,000,000 based on an initial share price of $10.00. During the company’s quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. 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.

ITHAU Trading Up 0.1%

Shares of ITHAU stock opened at $10.00 on Friday. ITHAU has a 1-year low of $9.94 and a 1-year high of $10.01.