CTRL GROUP Ltd’s Quiet Period Set To Expire Tomorrow (NASDAQ:MCTR)

CTRL GROUP’s (NASDAQ:MCTR) quiet period will end on Monday, March 3rd. CTRL GROUP had issued 2,000,000 shares in its initial public offering on January 22nd. The total size of the offering was $8,000,000 based on an initial share price of $4.00. During the company’s quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. 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.

CTRL GROUP Stock Up 13.3 %

Shares of NASDAQ:MCTR opened at $5.55 on Friday. CTRL GROUP has a 1 year low of $3.76 and a 1 year high of $12.00.

CTRL GROUP Company Profile

We are an integrated marketing and advertising services provider in Hong Kong specializing in mobile games promotion for the local market. We provide services to mobile game developers, principally developers of mobile gaming applications or “apps” that the gamers download from developer’s websites and applicable mobile operation systems, such as Apple Store or Android Google Play Store.