Top Wealth Group Holding Limited’s Quiet Period Will Expire Tomorrow (NASDAQ:TWG)

Top Wealth Group’s (NASDAQ:TWG) quiet period will expire on Monday, May 27th. Top Wealth Group had issued 2,000,000 shares in its public offering on April 16th. The total size of the offering was $8,000,000 based on an initial share price of $4.00. During the company’s quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. 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.

Top Wealth Group Stock Performance

Shares of TWG opened at $1.05 on Friday. Top Wealth Group has a fifty-two week low of $0.95 and a fifty-two week high of $5.50.

Top Wealth Group Company Profile

Top Wealth Group Holding Limited, through its subsidiaries, provides caviar and caviar-based gourmet products in Hong Kong and internationally. The company also trades in caviars; and offers its products under the Imperial Cristal Caviar brand name. It serves food and beverage related distributors. The company was founded in 2009 and is based in Sai Wan, Hong Kong.