BHAVU’s Quiet Period Set To Expire on April 28th (NASDAQ:BHAVU)

BHAVU’s (NASDAQ:BHAVU) quiet period is set to end on Tuesday, April 28th. BHAVU had issued 10,000,000 shares in its initial public offering on March 19th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. During BHAVU’s quiet period, insiders and underwriters involved in the IPO are prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. 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.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded BHAVU to a “hold” rating in a research report on Saturday, March 28th.

BHAVU Stock Down 0.4%

NASDAQ:BHAVU opened at $10.08 on Tuesday. BHAVU has a 12-month low of $9.96 and a 12-month high of $10.25.