Li Bang International Corporation Inc.'s (NASDAQ:LBGJ) Quiet Period Set To End on December 2nd

Li Bang International's (NASDAQ:LBGJ - Get Free Report) quiet period is set to end on Monday, December 2nd. Li Bang International had issued 1,520,000 shares in its public offering on October 23rd. The total size of the offering was $6,080,000 based on an initial share price of $4.00. During the company's quiet period, underwriters and any insiders that worked on the IPO are restricted 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.

Li Bang International Trading Down 3.5 %

Shares of NASDAQ:LBGJ traded down $0.13 during trading on Monday, reaching $3.57. 344,431 shares of the stock were exchanged, compared to its average volume of 97,354. Li Bang International has a 12-month low of $3.03 and a 12-month high of $5.50.

Li Bang International Company Profile

Li Bang International Corporation Inc specializes in the research, development, production and sale of stainless steel commercial kitchen equipment under its own `Li Bang` brand principally in China. In addition to its product offerings, the Company provides comprehensive services from early-stage design of commercial kitchen appliances to equipment installation and after-sales maintenance.