Global Engine Group Holding Limited’s Lock-Up Period To End on March 19th (NASDAQ:GLE)

Global Engine Group’s (NASDAQ:GLE) lock-up period is set to expire on Wednesday, March 19th. Global Engine Group had issued 2,000,000 shares in its initial public offering on September 20th. The total size of the offering was $8,000,000 based on an initial share price of $4.00. After the end of Global Engine Group’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Global Engine Group Stock Up 5.5 %

Shares of GLE opened at $1.74 on Friday. The business’s 50-day simple moving average is $1.62. Global Engine Group has a 12-month low of $1.05 and a 12-month high of $5.44.

Global Engine Group Company Profile

Global Engine Group Holding Limited provides integrated solutions in the information communication technologies (ICT), system integration, and other technical consultation service areas in Hong Kong. The company offers ICT solution services, including cloud platform deployment, IT system design, configuration, maintenance, and data center colocation and cloud services; technical services, such as technical development, support, and outsourcing services for data center and cloud computing infrastructure, mobility and fixed network communications, and Internet-of-things (IoT) projects; and project management services.