PONOU’s (NASDAQ:PONOU) Quiet Period Set To End on April 22nd

PONOU’s (NASDAQ:PONOU) quiet period will end on Wednesday, April 22nd. PONOU had issued 12,000,000 shares in its public offering on March 13th. The total size of the offering was $120,000,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and underwriters that worked on 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, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of PONOU to a “hold” rating in a research note on Saturday, March 21st.

PONOU Stock Performance

NASDAQ:PONOU opened at $10.00 on Wednesday. PONOU has a one year low of $9.96 and a one year high of $10.10.