BHAVU’s Quiet Period Set To Expire Tomorrow (NASDAQ:BHAVU)

BHAVU’s (NASDAQ:BHAVU) quiet period is set to expire on Tuesday, April 28th. BHAVU had issued 10,000,000 shares in its public offering on March 19th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. 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.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded BHAVU to a “hold” rating in a research note on Saturday, March 28th.

BHAVU Stock Performance

BHAVU stock opened at $10.08 on Monday. BHAVU has a 12-month low of $9.96 and a 12-month high of $10.25.