MaxsMaking Inc.’s Quiet Period To End on August 18th (NASDAQ:MAMK)

MaxsMaking’s (NASDAQ:MAMK) quiet period will expire on Monday, August 18th. MaxsMaking had issued 1,625,000 shares in its initial public offering on July 7th. The total size of the offering was $6,500,000 based on an initial share price of $4.00. During MaxsMaking’s quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any research reports or earnings estimates 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.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised MaxsMaking to a “hold” rating in a research report on Sunday, July 20th.

MaxsMaking Trading Down 4.6%

Shares of MAMK stock opened at $2.47 on Monday. MaxsMaking has a 1-year low of $2.28 and a 1-year high of $4.00.

About MaxsMaking

MaxsMaking Inc is a manufacturer of customized consumer goods. It offers a wide range of customizable products such as backpacks, shopping bags, aprons and other promotional items. MaxsMaking Inc is based in SHANGHAI.