NIP Group Inc.’s Lock-Up Period Will Expire on January 22nd (NASDAQ:NIPG)

NIP Group’s (NASDAQ:NIPG) lock-up period is set to expire on Wednesday, January 22nd. NIP Group had issued 2,250,000 shares in its initial public offering on July 26th. The total size of the offering was $20,250,000 based on an initial share price of $9.00. After the end of NIP Group’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Wall Street Analysts Forecast Growth

Separately, Maxim Group assumed coverage on NIP Group in a report on Thursday, December 19th. They issued a “buy” rating and a $12.00 target price on the stock.

NIP Group Stock Down 0.5 %

Shares of NASDAQ NIPG opened at $6.62 on Wednesday. The business’s fifty day moving average price is $6.65. NIP Group has a twelve month low of $5.40 and a twelve month high of $17.76.

Institutional Trading of NIP Group

An institutional investor recently bought a new position in NIP Group stock. GAMMA Investing LLC purchased a new position in NIP Group Inc. (NASDAQ:NIPG) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,622 shares of the company’s stock, valued at approximately $44,000.

NIP Group Company Profile

Our mission is to create transformative esports experiences that entertain, inspire and connect fans across the globe. Our vision is to become the premier esports organization in the world. We are a leading esports organization with the most expansive global footprint by virtue of our operations across Asia, Europe and South America, according to the Frost & Sullivan Report.