CCH’s (NASDAQ:CCHH – Get Free Report) quiet period will expire on Wednesday, November 12th. CCH had issued 1,250,000 shares in its IPO on October 3rd. The total size of the offering was $5,000,000 based on an initial share price of $4.00. During CCH’s quiet period, insiders and any underwriters involved in 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.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded shares of CCH to a “hold” rating in a report on Saturday, October 11th.
Get Our Latest Analysis on CCHH
CCH Stock Performance
About CCH
We are one of the leading specialty hotpot restaurant chains in Malaysia, specializing in chicken hotpot and fish head hotpot. With roots in George Town, Penang, Malaysia since 2015, we have become a top player in the specialty hotpot market in Malaysia. Our principal executive offices are located in Pulau Pinang, Malaysia.
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