JBDI Holdings Limited Ordinary Shares’ (NASDAQ:JBDI) Lock-Up Period To Expire Tomorrow

JBDI Holdings Limited Ordinary Shares’ (NASDAQ:JBDI) lock-up period is set to expire on Monday, February 24th. JBDI Holdings Limited Ordinary Shares had issued 2,250,000 shares in its initial public offering on August 27th. The total size of the offering was $11,250,000 based on an initial share price of $5.00. After the end of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

JBDI Holdings Limited Ordinary Shares Trading Down 5.1 %

Shares of JBDI opened at $0.68 on Friday. JBDI Holdings Limited Ordinary Shares has a 12-month low of $0.51 and a 12-month high of $39.41. The stock’s fifty day moving average price is $0.66.

About JBDI Holdings Limited Ordinary Shares

JBDI Holdings Limited engages in the trading of reconditioned and recycling containers in Singapore and the Southeast Asia region. The company offers reconditioning and recycling drums, including open top drums, metal drums, plastic drums, plastic carboys, and intermediate bulk containers, as well as new drums, and collects waste drums and related products.