SAG Holdings Ltd’s Quiet Period Will Expire on December 2nd (NASDAQ:SAG)

SAG’s (NASDAQ:SAG) quiet period is set to expire on Monday, December 2nd. SAG had issued 875,000 shares in its initial public offering on October 23rd. The total size of the offering was $7,000,000 based on an initial share price of $8.00. During SAG’s quiet period, insiders and underwriters involved in the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. 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.

SAG Trading Up 5.1 %

Shares of NASDAQ SAG opened at $3.10 on Wednesday. SAG has a 12 month low of $2.25 and a 12 month high of $8.27.

SAG Company Profile

We are a Singapore-based provider of high-quality Original Equipment Manufacturer (“OEM”), third party branded and in-house branded replacement parts for motor vehicles and for non-vehicle combustion engines serving a number of industries. We distribute spare parts through operations primarily based in Singapore and global sales primarily generated from the Middle East and Asia.