KBONU’s (NASDAQ:KBONU – Get Free Report) quiet period is set to expire on Tuesday, January 20th. KBONU had issued 30,000,000 shares in its initial public offering on December 11th. The total size of the offering was $300,000,000 based on an initial share price of $10.00. During KBONU’s quiet period, underwriters and any insiders that worked on the IPO are restricted from issuing any earnings forecasts or research reports for the company because of SEC regulations. 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.
KBONU Price Performance
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