Lichen China Limited’s Quiet Period To End Tomorrow (NASDAQ:LICN)

Lichen China’s (NASDAQ:LICN – Get Rating) quiet period is set to end on Monday, March 20th. Lichen China had issued 4,000,000 shares in its initial public offering on February 6th. The total size of the offering was $16,000,000 based on an initial share price of $4.00. During Lichen China’s quiet period, underwriters and any insiders that worked on the IPO are restricted from issuing any research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Lichen China Price Performance

LICN stock opened at $2.14 on Friday. Lichen China has a 12-month low of $1.51 and a 12-month high of $5.82.

About Lichen China

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Lichen China Limited focuses on providing financial and taxation solution services, education support services, and software and maintenance services under its Lichen brand. Lichen China Limited is based in JINJIANG, China.