Global Engine Group Holding Limited’s (NASDAQ:GLE) Lock-Up Period Will Expire Tomorrow

Global Engine Group’s (NASDAQ:GLE) lock-up period is set to expire on Wednesday, March 19th. Global Engine Group had issued 2,000,000 shares in its IPO on September 20th. The total size of the offering was $8,000,000 based on an initial share price of $4.00. After the expiration of Global Engine Group’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Global Engine Group Price Performance

GLE opened at $1.91 on Tuesday. The business’s 50-day moving average price is $1.62. Global Engine Group has a fifty-two week low of $1.05 and a fifty-two week high of $5.44.

Global Engine Group Company Profile

Global Engine Group Holding Limited provides integrated solutions in the information communication technologies (ICT), system integration, and other technical consultation service areas in Hong Kong. The company offers ICT solution services, including cloud platform deployment, IT system design, configuration, maintenance, and data center colocation and cloud services; technical services, such as technical development, support, and outsourcing services for data center and cloud computing infrastructure, mobility and fixed network communications, and Internet-of-things (IoT) projects; and project management services.