Rich Sparkle Holdings Limited’s (NASDAQ:ANPA) Quiet Period To End on August 18th

Rich Sparkle’s (NASDAQ:ANPA) quiet period is set to expire on Monday, August 18th. Rich Sparkle had issued 1,250,000 shares in its public offering on July 8th. The total size of the offering was $5,000,000 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 regulations issued by the Securities and Exchange Commission. Following the end 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.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Rich Sparkle to a “hold” rating in a report on Sunday, July 20th.

Rich Sparkle Trading Down 19.6%

Shares of Rich Sparkle stock opened at $32.00 on Friday. Rich Sparkle has a 1-year low of $2.80 and a 1-year high of $44.00.

About Rich Sparkle

Rich Sparkle Holdings Limited is a financial printing and corporate services provider which specializes in designing and printing quality financial print materials principally in Hong Kong. Its service portfolio covers a myriad of deliverables, mainly including listing documents, financial reports, fund documents, circulars and announcements.