CHINA INTERNET’s (NASDAQ:CIFS) quiet period will expire on Monday, September 18th. CHINA INTERNET had issued 2,023,146 shares in its public offering on August 8th. The total size of the offering was $20,231,460 based on an initial share price of $10.00. During CHINA INTERNET’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 expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
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Shares of CHINA INTERNET (NASDAQ:CIFS) opened at 14.26 on Friday. The company’s 50 day moving average is $12.64 and its 200-day moving average is $12.64. CHINA INTERNET has a 52 week low of $10.81 and a 52 week high of $14.26.
CHINA INTERNET Company Profile
China Internet Nationwide Financial Services Inc is a holding company. The Company is engaged in the business of providing financial advisory services small-to-medium sized enterprises (SMEs). The Company, through its subsidiaries offers commercial payment advisory services, international corporate financing advisory services and intermediary bank loan advisory services.
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