XCHG Limited’s (NASDAQ:XCH) Quiet Period Set To End on October 21st

XCHG’s (NASDAQ:XCH) quiet period is set to expire on Monday, October 21st. XCHG had issued 3,333,335 shares in its IPO on September 10th. The total size of the offering was $20,666,677 based on an initial share price of $6.20. During the company’s quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any research reports or earnings estimates 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.

XCHG Stock Down 3.9 %

NASDAQ:XCH opened at $18.41 on Monday. XCHG has a 1-year low of $6.40 and a 1-year high of $25.28.

XCHG Company Profile

XCHG Limited engages in designing, manufacturing, and selling of electric vehicle (EV) chargers under the X-Charge brand name in Europe, the People’s Republic of China, and internationally. The company offers direct current (DC) fast chargers under the C6 series and C7 series; and battery-integrated DC fast chargers under the Net Zero series, as well as software system upgrades and hardware maintenance services.