Wellchange's (NASDAQ:WCT - Get Free Report) quiet period will expire on Monday, November 11th. Wellchange had issued 2,000,000 shares in its public offering on October 2nd. The total size of the offering was $8,000,000 based on an initial share price of $4.00. During Wellchange's quiet period, insiders and any underwriters involved in the IPO are restricted from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company's quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
Wellchange Price Performance
Shares of NASDAQ:WCT traded up $0.41 on Monday, reaching $8.76. 1,340,947 shares of the company's stock were exchanged, compared to its average volume of 1,760,367. Wellchange has a fifty-two week low of $3.45 and a fifty-two week high of $9.34.
About Wellchange
(
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Wellchange Holdings Company Limited, through its subsidiaries, operates as an enterprise software solution services provider in Hong Kong. The company provides tailor-made software solutions, cloud-based software-as-a-service (SaaS) solutions, and white-labelled software design and development services.
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