Global Engine Group Holding Limited’s Quiet Period To End on October 30th (NASDAQ:GLE)

Global Engine Group’s (NASDAQ:GLE) quiet period is set to end on Wednesday, October 30th. Global Engine Group had issued 2,000,000 shares in its IPO on September 20th. 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 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.

Global Engine Group Trading Up 0.3 %

Shares of NASDAQ GLE opened at $3.86 on Wednesday. Global Engine Group has a 1-year low of $3.75 and a 1-year high of $5.24.

Global Engine Group Company Profile

Global Engine Group Holding Limited provides integrated solutions in the information communication technologies (ICT), system integration, and other technical consultation service areas in Hong Kong. The company offers ICT solution services, including cloud platform deployment, IT system design, configuration, maintenance, and data center colocation and cloud services; technical services, such as technical development, support, and outsourcing services for data center and cloud computing infrastructure, mobility and fixed network communications, and Internet-of-things (IoT) projects; and project management services.