Fenbo Holdings Limited’s (NASDAQ:FEBO) Lock-Up Period Set To Expire on May 28th

Fenbo’s (NASDAQ:FEBO) lock-up period is set to expire on Tuesday, May 28th. Fenbo had issued 1,000,000 shares in its initial public offering on November 30th. The total size of the offering was $5,000,000 based on an initial share price of $5.00. After the end of Fenbo’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Fenbo Trading Up 2.5 %

Shares of FEBO stock opened at $12.30 on Friday. The business’s 50 day simple moving average is $10.56. Fenbo has a 12-month low of $4.19 and a 12-month high of $15.80.

Fenbo Company Profile

Fenbo Holdings Limited, through its subsidiaries, manufactures and sells personal care electric appliances and toys products. The company offers curling wands and irons, flat irons and hair straighteners, hair dryers, trimmers, nail polishers, pet shampoo brushes, eyebrow pliers, etc. It serves customers in Europe, North America, South America, Asia, and internationally.