Oriental Rise Holdings Limited Ordinary Shares’ (NASDAQ:ORIS) Quiet Period To Expire on November 26th

Oriental Rise Holdings Limited Ordinary Shares’ (NASDAQ:ORIS) quiet period will expire on Tuesday, November 26th. Oriental Rise Holdings Limited Ordinary Shares had issued 1,750,000 shares in its initial public offering on October 17th. The total size of the offering was $7,000,000 based on an initial share price of $4.00. During the company’s quiet period, insiders and underwriters that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration 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.

Oriental Rise Holdings Limited Ordinary Shares Stock Performance

Shares of ORIS opened at $6.44 on Tuesday. Oriental Rise Holdings Limited Ordinary Shares has a 12-month low of $4.80 and a 12-month high of $11.75.

Oriental Rise Holdings Limited Ordinary Shares Company Profile

Oriental Rise Holdings Limited engages in planting, cultivating, processing, and selling processed tea in Mainland China. It offers processed white tea, black tea, and refined tea products to wholesale distributors and end-user retail customers. The company was incorporated in 2019 and is based in Ningde, China.