Leishen Energy's (NASDAQ:LSE - Get Free Report) quiet period is set to end on Tuesday, January 28th. Leishen Energy had issued 1,375,000 shares in its IPO on December 19th. The total size of the offering was $5,500,000 based on an initial share price of $4.00. During Leishen Energy'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.
Leishen Energy Stock Performance
Leishen Energy stock traded up $0.50 during midday trading on Tuesday, hitting $7.89. 68,973 shares of the company's stock were exchanged, compared to its average volume of 88,839. Leishen Energy has a 52-week low of $3.76 and a 52-week high of $8.82.
About Leishen Energy
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Leishen Cayman is a holding company incorporated in the Cayman Islands. As a holding company with no material operations of its own, Leishen Cayman conducts substantially all of the operations through its Operating Subsidiaries. Our primary office is located in Beijing, China, from which we serve a large customer base throughout the PRC.
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