Galaxy Payroll Group Limited’s Quiet Period Will Expire on October 22nd (NASDAQ:GLXG)

Galaxy Payroll Group’s (NASDAQ:GLXG) quiet period is set to end on Tuesday, October 22nd. Galaxy Payroll Group had issued 1,750,000 shares in its public offering on September 12th. The total size of the offering was $7,000,000 based on an initial share price of $4.00. During Galaxy Payroll Group’s quiet period, underwriters and any insiders 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.

Galaxy Payroll Group Price Performance

GLXG stock opened at $10.77 on Friday. Galaxy Payroll Group has a fifty-two week low of $3.83 and a fifty-two week high of $13.89.

Galaxy Payroll Group Company Profile

Galaxy Payroll Group Limited, through its subsidiaries, provides payroll outsourcing, employment, and consultancy and market research services. It has operations in Hong Kong, Macau, the People’s Republic of China, Taiwan, Japan, Australia, Thailand, Malaysia, Vietnam, India, Indonesia, and the Philippines.