ARCIU’s Quiet Period Set To End on March 4th (NASDAQ:ARCIU)

ARCIU’s (NASDAQ:ARCIU) quiet period will end on Wednesday, March 4th. ARCIU had issued 24,000,000 shares in its public offering on January 23rd. The total size of the offering was $240,000,000 based on an initial share price of $10.00. During ARCIU’s quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. 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.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of ARCIU to a “hold” rating in a report on Tuesday, February 3rd.

ARCIU Price Performance

Shares of ARCIU stock opened at $10.04 on Wednesday. ARCIU has a 52 week low of $10.03 and a 52 week high of $10.15.