Fitness Champs Holdings Ltd’s (NASDAQ:FCHL) Quiet Period Set To End Tomorrow

Fitness Champs’ (NASDAQ:FCHL) quiet period is set to end on Tuesday, October 14th. Fitness Champs had issued 3,750,000 shares in its initial public offering on September 4th. The total size of the offering was $15,000,000 based on an initial share price of $4.00. During Fitness Champs’ quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Fitness Champs from a “hold” rating to a “sell” rating in a report on Saturday, October 4th.

Fitness Champs Stock Down 5.2%

NASDAQ:FCHL opened at $0.50 on Monday. Fitness Champs has a 52 week low of $0.50 and a 52 week high of $7.64.

Fitness Champs Company Profile

Our mission is to make swimming an affordable sport for all by offering comprehensive swimming lessons and teaching swimming skills and techniques to our students and to encourage the public mass to use swimming as a healthy and fun sport for all ages. We believe we are a leading sports education provider in Singapore based on the following: (i) in 2023, we were the largest service provider of the SwimSafer Program based on the number of assessment bookings, accounting for approximately 30% of market share; and (ii) we are one of the few swim education providers in Singapore that provides both services to students under training programs funded by the Singapore Government and provision of customized private swimming training services.