Zhibao Technology Inc.’s Quiet Period To Expire on May 13th (NASDAQ:ZBAO)

Zhibao Technology’s (NASDAQ:ZBAO) quiet period is set to end on Monday, May 13th. Zhibao Technology had issued 1,500,000 shares in its IPO on April 2nd. The total size of the offering was $6,000,000 based on an initial share price of $4.00. During the company’s quiet period, insiders and underwriters involved in 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, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Zhibao Technology Price Performance

Shares of NASDAQ:ZBAO opened at $3.55 on Wednesday. Zhibao Technology has a twelve month low of $3.00 and a twelve month high of $4.00.

Zhibao Technology Company Profile

Zhibao Technology Inc, through its subsidiaries, provides digital insurance brokerage services in China. It also offers managing general underwriter services; and offline insurance brokerage consulting services. The company was founded in 2015 and is based in Shanghai, China.