Wellchange Holdings Company Limited’s (NASDAQ:WCT) Quiet Period Will End Tomorrow

Wellchange’s (NASDAQ:WCT) quiet period is set to end on Monday, November 11th. Wellchange had issued 2,000,000 shares in its initial public offering on October 2nd. 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 any underwriters involved in the IPO are prevented from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end 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.

Wellchange Price Performance

WCT opened at $8.98 on Friday. Wellchange has a one year low of $3.45 and a one year high of $9.34.

About Wellchange

Wellchange Holdings Company Limited, through its subsidiaries, operates as an enterprise software solution services provider in Hong Kong. The company provides tailor-made software solutions, cloud-based software-as-a-service (SaaS) solutions, and white-labelled software design and development services.