Global Engine Group's (NASDAQ:GLE - Get Free Report) quiet period is set to expire on Wednesday, October 30th. Global Engine Group had issued 2,000,000 shares in its IPO on September 20th. The total size of the offering was $8,000,000 based on an initial share price of $4.00. During the company's quiet period, insiders and underwriters involved in 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.
Global Engine Group Trading Down 0.7 %
Shares of NASDAQ GLE traded down $0.03 during trading on Wednesday, reaching $4.40. The company had a trading volume of 15,345 shares, compared to its average volume of 177,698. Global Engine Group has a 12 month low of $3.75 and a 12 month high of $5.24.
About Global Engine Group
(
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Global Engine Group Holding Limited provides integrated solutions in the information communication technologies (ICT), system integration, and other technical consultation service areas in Hong Kong. The company offers ICT solution services, including cloud platform deployment, IT system design, configuration, maintenance, and data center colocation and cloud services; technical services, such as technical development, support, and outsourcing services for data center and cloud computing infrastructure, mobility and fixed network communications, and Internet-of-things (IoT) projects; and project management services.
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