SORNU’s (NASDAQ:SORNU – Get Free Report) quiet period is set to expire on Monday, February 16th. SORNU had issued 22,000,000 shares in its initial public offering on January 7th. The total size of the offering was $220,000,000 based on an initial share price of $10.00. During SORNU’s quiet period, insiders and any underwriters involved in the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. 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 raised SORNU to a “hold” rating in a research report on Thursday, January 15th.
Get Our Latest Research Report on SORNU
SORNU Stock Up 0.2%
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