Waton Financial Ltd’s (NASDAQ:WTF) Quiet Period Set To End Tomorrow

Waton Financial’s (NASDAQ:WTF) quiet period is set to end on Monday, May 12th. Waton Financial had issued 4,375,000 shares in its public offering on April 1st. The total size of the offering was $17,500,000 based on an initial share price of $4.00. During the company’s quiet period, insiders and any underwriters involved in the IPO are restricted from issuing any research reports for the company because of SEC regulations. 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.

Waton Financial Price Performance

Shares of WTF opened at $7.19 on Friday. Waton Financial has a fifty-two week low of $4.05 and a fifty-two week high of $19.85.

About Waton Financial

Waton Financial Ltd. is a holding company, which engages in the provision of securities brokerage and financial technology services. It is also involved in software licensing and related support services including the licensing of trading platform app, upgrades and enhancements, maintenance, and other related services to financial institutions.