Zhibao Technology Inc.’s Lock-Up Period Set To End Tomorrow (NASDAQ:ZBAO)

Zhibao Technology’s (NASDAQ:ZBAO) lock-up period is set to end on Monday, September 30th. Zhibao Technology had issued 1,500,000 shares in its public offering on April 2nd. The total size of the offering was $6,000,000 based on an initial share price of $4.00. After the expiration of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Zhibao Technology Stock Performance

NASDAQ:ZBAO opened at $3.57 on Friday. Zhibao Technology has a fifty-two week low of $2.67 and a fifty-two week high of $5.70. The firm’s 50-day simple moving average is $3.71.

About Zhibao Technology

Zhibao Technology Inc, through its subsidiaries, provides digital insurance brokerage services in China. It also offers managing general underwriter services; and offline insurance brokerage consulting services. The company was founded in 2015 and is based in Shanghai, China.