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

Zhibao Technology’s (NASDAQ:ZBAO) quiet period will 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 that worked on the IPO are prevented from issuing any research reports or earnings estimates 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.

Zhibao Technology Stock Performance

NASDAQ:ZBAO opened at $3.60 on Monday. Zhibao Technology has a one year low of $3.00 and a one year high of $4.00.

About Zhibao Technology

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.