Oriental Rise Holdings Limited Ordinary Shares' (NASDAQ:ORIS - Get Free Report) quiet period will end on Tuesday, November 26th. Oriental Rise Holdings Limited Ordinary Shares had issued 1,750,000 shares in its initial public offering on October 17th. The total size of the offering was $7,000,000 based on an initial share price of $4.00. During the company's quiet period, insiders and any 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.
Oriental Rise Holdings Limited Ordinary Shares Stock Performance
ORIS stock traded up $0.03 during midday trading on Tuesday, hitting $6.16. 23,804 shares of the company's stock were exchanged, compared to its average volume of 237,261. Oriental Rise Holdings Limited Ordinary Shares has a 12-month low of $4.80 and a 12-month high of $11.75.
Oriental Rise Holdings Limited Ordinary Shares Company Profile
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Oriental Rise Holdings Limited engages in planting, cultivating, processing, and selling processed tea in Mainland China. It offers processed white tea, black tea, and refined tea products to wholesale distributors and end-user retail customers. The company was incorporated in 2019 and is based in Ningde, China.
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