ALOVU’s Quiet Period To End on March 3rd (NASDAQ:ALOVU)

ALOVU’s (NASDAQ:ALOVU) quiet period is set to expire on Tuesday, March 3rd. ALOVU had issued 26,100,000 shares in its IPO on January 22nd. The total size of the offering was $261,000,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and any underwriters that worked on 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, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analysts Set New Price Targets

Separately, Wall Street Zen raised ALOVU to a “hold” rating in a report on Monday, February 2nd.

ALOVU Price Performance

ALOVU stock opened at $9.98 on Tuesday. ALOVU has a twelve month low of $9.97 and a twelve month high of $10.05.