Webus International Ltd.’s Quiet Period Will End Tomorrow (NASDAQ:WETO)

Webus International’s (NASDAQ:WETO) quiet period will expire on Tuesday, April 8th. Webus International had issued 2,000,000 shares in its initial public offering on February 27th. The total size of the offering was $8,000,000 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 or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. 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.

Webus International Stock Up 0.3 %

WETO stock opened at $3.93 on Monday. Webus International has a 1 year low of $3.10 and a 1 year high of $4.28.

About Webus International

Webus International Ltd. operates as a holding company. It engages in the provision of mobility solutions with artificial intelligence augmented online support and itinerary management support. The firm offers commute shuttle, customized chartered bus, packaged tour, and other services to customers. The company was founded on February 10, 2022 and is headquartered in Hangzhou, China.