PTORU’s (NASDAQ:PTORU – Get Free Report) quiet period is set to end on Wednesday, March 4th. PTORU had issued 22,000,000 shares in its public offering on January 23rd. The total size of the offering was $220,000,000 based on an initial share price of $10.00. During the company’s quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration 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.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded shares of PTORU to a “hold” rating in a research note on Tuesday, February 3rd.
Read Our Latest Report on PTORU
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