Innovation Beverage Group Limited’s Lock-Up Period Will End on March 25th (NASDAQ:IBG)

Innovation Beverage Group’s (NASDAQ:IBG) lock-up period will end on Tuesday, March 25th. Innovation Beverage Group had issued 1,350,000 shares in its IPO on September 26th. The total size of the offering was $5,400,000 based on an initial share price of $4.00. After the end of Innovation Beverage Group’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Analysts Set New Price Targets

Separately, Litchfield Hills Research started coverage on shares of Innovation Beverage Group in a report on Thursday, November 21st. They set a “buy” rating on the stock.

Innovation Beverage Group Stock Down 1.6 %

Shares of NASDAQ:IBG opened at $0.48 on Thursday. Innovation Beverage Group has a 52-week low of $0.44 and a 52-week high of $3.35. The stock has a fifty day moving average of $0.72.

About Innovation Beverage Group

Innovation Beverage Group (formerly Australian Boutique Spirits) is an award-winning distillery that produces a variety of brands in-house and imports global brands to sell exclusively to the Australian market through bevmart.com.au. It was recently recognized as the Australian Liqueur Distillery of the year by the Melbourne International Spirits Competition.