SVAQU’s (NASDAQ:SVAQU – Get Free Report) quiet period is set to end on Monday, February 2nd. SVAQU had issued 20,000,000 shares in its IPO on December 23rd. 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, insiders and any underwriters involved in the IPO are restricted 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.
SVAQU Trading Down 0.3%
NASDAQ SVAQU opened at $10.01 on Monday. SVAQU has a 1 year low of $9.94 and a 1 year high of $10.04.
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